Looking to diversify beyond FPIFX? The mutual funds below have the lowest correlation with FPIFX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FPIFX.
Best Diversifiers for FPIFX
0 mutual funds have low correlation with FPIFX (below 0.3), 0 of which are negatively correlated. The least correlated is AQR Alternative Risk Premia Fund Class N (QRPNX) (Multistrategy) with a 1Y correlation of 0.31, up from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Alternative Risk Premia Fund Class N | 0.31 | 0.11 | -0.11 | 97 | Multistrategy | FPIFX vs QRPNX | |
| Fidelity Select Semiconductors Portfolio | 0.64 | 0.64 | 0.68 | 97 | Semiconductors, Technology Equities | FPIFX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.76 | 0.74 | 0.79 | 75 | Large Cap Growth Equities | FPIFX vs FBGRX | |
| Vanguard Wellesley Income Fund Investor Shares | 0.78 | 0.83 | 0.84 | 57 | Diversified Portfolio | FPIFX vs VWINX | |
| Dimensional Retirement Income Fund | 0.82 | 0.90 | 0.88 | 83 | Target Retirement Date | FPIFX vs TDIFX |
See all 73 diversifiers for FPIFX
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