Looking to diversify beyond FPKFX? The mutual funds below have the lowest correlation with FPKFX — 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 FPKFX.
Best Diversifiers for FPKFX
4 mutual funds have low correlation with FPKFX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.07, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.17 | 0.49 | 67 | Diversified Portfolio | FPKFX vs MHELX | |
| AQR Managed Futures Strategy Fund Class N | 0.19 | 0.09 | -0.07 | 89 | Systematic Trend | FPKFX vs AQMNX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.30 | 0.47 | 0.57 | 86 | Diversified Portfolio | FPKFX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.30 | 0.47 | 0.57 | 82 | Diversified Portfolio | FPKFX vs FCSRX | |
| Fidelity Strategic Real Return Fund | 0.30 | 0.48 | 0.57 | 87 | Diversified Portfolio | FPKFX vs FSRRX |
See all 48 diversifiers for FPKFX
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