FPNIX Alternatives & Similar Mutual Funds

FPA New Income Fund (FPNIX) belongs to the Short-Term Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FPNIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FPNIX

FPNIX charges 0.45% annually. There are 43 mutual funds in the Short-Term Bond category with lower expense ratios, going as low as 0.02%.

Symbol	Name	Expense Ratio	AUM	Inception
VIITX	Vanguard Institutional Intermediate-Term Bond Fund	0.02%	—	Jun 2015	FPNIX vs VIITX
VISTX	Vanguard Institutional Short-Term Bond Fund	0.02%	—	Jun 2015	FPNIX vs VISTX
FUMBX	Fidelity Short-Term Treasury Bond Index Fund	0.03%	—	Dec 2005	FPNIX vs FUMBX
SWSBX	Schwab Short-Term Bond Index Fund	0.06%	—	Feb 2017	FPNIX vs SWSBX
VSCSX	Vanguard Short-Term Corporate Bond Index Fund Admi...	0.06%	51.90B	Nov 2010	FPNIX vs VSCSX

Best Risk-Adjusted Alternatives to FPNIX

FPNIX has a PortfoliosLab risk / return rank of 24. There are 124 mutual funds in the Short-Term Bond category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
DFCFX	DFA Two-Year Fixed Income Portfolio	100	—	Jun 1996	FPNIX vs DFCFX
GPICX	GuidepathConservative Income Fund	99	—	Apr 2018	FPNIX vs GPICX
DHEIX	Diamond Hill Short Duration Securitized Bond Fund ...	99	—	Jul 2016	FPNIX vs DHEIX
DHEAX	Diamond Hill Short Duration Securitized Bond Fund	99	—	Jul 2016	FPNIX vs DHEAX
DLDFX	Destinations Low Duration Fixed Income Fund	98	—	Mar 2017	FPNIX vs DLDFX

Top Performing FPNIX Alternatives (YTD)

FPNIX is at 0.23% YTD. There are 125 mutual funds in the Short-Term Bond category with higher YTD returns, going as high as 8.20%.

Symbol	Name	YTD Return	AUM	Inception
GPARX	GuidePath Absolute Return Allocation Fund	8.20%	—	Apr 2011	FPNIX vs GPARX
LCCMX	Leader Short Term High Yield Bond Fund	3.78%	—	Jul 2005	FPNIX vs LCCMX
DHEIX	Diamond Hill Short Duration Securitized Bond Fund ...	2.60%	—	Jul 2016	FPNIX vs DHEIX
SNSAX	SEI Asset Allocation Trust Defensive Strategy Fund	2.54%	—	Nov 2003	FPNIX vs SNSAX
DHEAX	Diamond Hill Short Duration Securitized Bond Fund	2.43%	—	Jul 2016	FPNIX vs DHEAX

Lowest Volatility Alternatives to FPNIX

FPNIX has 2.23% 1-year volatility. There are 106 mutual funds in the Short-Term Bond category with lower 1-year volatility, going as low as 0.74%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFCFX	DFA Two-Year Fixed Income Portfolio	0.74%	—	Jun 1996	FPNIX vs DFCFX
GPICX	GuidepathConservative Income Fund	0.79%	—	Apr 2018	FPNIX vs GPICX
DHEIX	Diamond Hill Short Duration Securitized Bond Fund ...	1.04%	—	Jul 2016	FPNIX vs DHEIX
DHEAX	Diamond Hill Short Duration Securitized Bond Fund	1.09%	—	Jul 2016	FPNIX vs DHEAX
DFEQX	DFA Short-Term Extended Quality Portfolio	1.14%	—	Mar 2009	FPNIX vs DFEQX

Lowest Drawdown Alternatives to FPNIX

FPNIX has a 1-year max drawdown of -1.97%. There are 123 mutual funds in the Short-Term Bond category with shallower 1-year drawdowns, going as shallow as -0.21%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
DFCFX	DFA Two-Year Fixed Income Portfolio	-0.21%	—	Jun 1996	FPNIX vs DFCFX
GPICX	GuidepathConservative Income Fund	-0.25%	—	Apr 2018	FPNIX vs GPICX
DFAIX	DFA Short-Duration Real Return Portfolio	-0.47%	—	Nov 2013	FPNIX vs DFAIX
DHEAX	Diamond Hill Short Duration Securitized Bond Fund	-0.50%	—	Jul 2016	FPNIX vs DHEAX
DHEIX	Diamond Hill Short Duration Securitized Bond Fund ...	-0.50%	—	Jul 2016	FPNIX vs DHEIX

Other Mutual Funds from FPA

The 4 most viewed FPA mutual funds shown here include FPACX, FPFIX, QRSVX and span 4 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FPACX	FPA Crescent Fund Institutional Class	Diversified Portfolio	75	9.95%	—	Jun 1993	FPNIX vs FPACX
FPFIX	FPA Flexible Fixed Income Fund	Nontraditional Bonds	22	0.04%	—	Dec 2018	FPNIX vs FPFIX
QRSVX	FPA Queens Road Small Cap Value Fund Investor Clas...	Small Cap Value Equities	90	29.48%	—	Jun 2002	FPNIX vs QRSVX
QRVLX	FPA Queens Road Value Fund	Large Cap Value Equities	31	13.96%	—	Jun 2002	FPNIX vs QRVLX

Often Compared With FPNIX

Investors most often compare FPNIX with PBSMX, IGSB, PSTQX. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
PBSMX	PGIM Short-Term Corporate Bond Fund	Short-Term Bond	34	0.53%	—	Sep 1989	FPNIX vs PBSMX
IGSB	iShares 1-5 Year Investment Grade Corporate Bond E...	Corporate Bonds, Investment Grade Bonds	69	1.22%	23.24B	Jan 2007	FPNIX vs IGSB
PSTQX	PGIM Short-Term Corporate Bond Fund - Class R6	Short-Term Bond	38	0.71%	—	Mar 2012	FPNIX vs PSTQX
VOO	Vanguard S&P 500 ETF	S&P 500	72	13.52%	1.70T	Sep 2010	FPNIX vs VOO
JPLD	JPMorgan Limited Duration Bond ETF	Short-Term Bond	93	1.80%	3.95B	Feb 1993	FPNIX vs JPLD
JPST	JPMorgan Ultra-Short Income ETF	Ultrashort Bond	99	2.03%	40.48B	May 2017	FPNIX vs JPST
FTABX	Fidelity Tax-Free Bond Fund	Municipal Bonds	55	0.33%	—	Apr 2001	FPNIX vs FTABX
LLDYX	Lord Abbett Short Duration Income Fund	Total Bond Market	73	1.36%	—	Oct 2004	FPNIX vs LLDYX
PIFZX	PGIM Short-Term Corporate Bond Fund Class Z	Short-Term Bond	37	0.66%	—	Dec 1996	FPNIX vs PIFZX
USSBX	USAA Short Term Bond Fund	Short-Term Bond	85	1.27%	—	Jun 1993	FPNIX vs USSBX
SDMZX	PGIM Short Duration Multi-Sector Bond Fund	Short-Term Bond	38	1.07%	—	Dec 2013	FPNIX vs SDMZX
VBISX	Vanguard Short-Term Bond Index Fund	Short-Term Bond	24	0.20%	—	Mar 1994	FPNIX vs VBISX
PTY	PIMCO Corporate & Income Opportunity Fund	Corporate Bonds	1	-2.41%	—	Dec 2002	FPNIX vs PTY
FFRHX	Fidelity Floating Rate High Income Fund	Bank Loan	95	2.71%	—	Aug 2000	FPNIX vs FFRHX
HOBEX	Holbrook Income Fund	Short-Term Bond	96	2.09%	—	Jul 2016	FPNIX vs HOBEX
THOPX	Thompson Bond Fund	Short-Term Bond	87	1.62%	—	Feb 1992	FPNIX vs THOPX
TNSHX	TIAA-CREF Short-Term Bond Index Fund	Short-Term Bond	60	0.73%	—	Aug 2015	FPNIX vs TNSHX
TSDLX	T. Rowe Price Short Duration Income Fund	Short-Term Bond	90	1.46%	—	Dec 2020	FPNIX vs TSDLX
STBFX	Sextant Short Term Bond Fund	Short-Term Bond	—	—	—	Sep 1995	FPNIX vs STBFX
DBLSX	DoubleLine Low Duration Bond Fund	Short-Term Bond	97	1.60%	—	Sep 2011	FPNIX vs DBLSX

Compare FPNIX with Any Fund or Stock

Compare FPNIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair FPNIX with funds that move differently

FPA New Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FPNIX.

Explore FPNIX Diversifiers

FPA New Income Fund (FPNIX) Alternatives