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
5 mutual funds have low correlation with FPKFX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.25, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.25 | -0.08 | 0.08 | 58 | Diversified Portfolio | FPKFX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.15 | 0.48 | 69 | Diversified Portfolio | FPKFX vs MHELX | |
| AQR Managed Futures Strategy Fund Class N | 0.22 | 0.11 | -0.07 | 91 | Systematic Trend | FPKFX vs AQMNX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.30 | 0.47 | 0.56 | 79 | Diversified Portfolio | FPKFX vs FCSRX | |
| DWS RREEF Real Assets Fund - Class A | 0.30 | 0.48 | 0.61 | 51 | Diversified Portfolio | FPKFX vs AAAAX |
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