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 38 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
TNSHX	TIAA-CREF Short-Term Bond Index Fund	0.09%	—	Aug 2015	FPNIX vs TNSHX

Best Risk-Adjusted Alternatives to FPNIX

FPNIX has a PortfoliosLab risk / return rank of 44. There are 116 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 0.21% YTD. There are 120 mutual funds in the Short-Term Bond category with higher YTD returns, going as high as 7.88%.

Symbol	Name	YTD Return	AUM	Inception
GPARX	GuidePath Absolute Return Allocation Fund	7.88%	—	Apr 2011	FPNIX vs GPARX
LCCMX	Leader Short Term High Yield Bond Fund	3.65%	—	Jul 2005	FPNIX vs LCCMX
HOBEX	Holbrook Income Fund	2.30%	—	Jul 2016	FPNIX vs HOBEX
DFAIX	DFA Short-Duration Real Return Portfolio	2.29%	—	Nov 2013	FPNIX vs DFAIX
BATAX	BlackRock Allocation Target Shares Series A Portfo...	2.22%	—	Sep 2015	FPNIX vs BATAX

Lowest Volatility Alternatives to FPNIX

FPNIX has 2.31% 1-year volatility. There are 103 mutual funds in the Short-Term Bond category with lower 1-year volatility, going as low as 0.70%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFCFX	DFA Two-Year Fixed Income Portfolio	0.70%	—	Jun 1996	FPNIX vs DFCFX
GPICX	GuidepathConservative Income Fund	0.79%	—	Apr 2018	FPNIX vs GPICX
DHEIX	Diamond Hill Short Duration Securitized Bond Fund ...	1.08%	—	Jul 2016	FPNIX vs DHEIX
DFEQX	DFA Short-Term Extended Quality Portfolio	1.11%	—	Mar 2009	FPNIX vs DFEQX
DHEAX	Diamond Hill Short Duration Securitized Bond Fund	1.13%	—	Jul 2016	FPNIX vs DHEAX

Lowest Drawdown Alternatives to FPNIX

FPNIX has a 1-year max drawdown of -1.97%. There are 118 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	Diversified Portfolio	60	7.38%	—	Jun 1993	FPNIX vs FPACX
FPFIX	FPA Flexible Fixed Income Fund	Nontraditional Bonds	40	0.11%	—	Dec 2018	FPNIX vs FPFIX
QRSVX	FPA Queens Road Small Cap Value Fund Investor Clas...	Small Cap Value Equities	82	25.14%	—	Jun 2002	FPNIX vs QRSVX
QRVLX	FPA Queens Road Value Fund	Large Cap Value Equities	20	11.09%	—	Jun 2002	FPNIX vs QRVLX

Often Compared With FPNIX

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

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
IGSB	iShares 1-5 Year Investment Grade Corporate Bond E...	Corporate Bonds	80	0.99%	22.80B	Jan 2007	FPNIX vs IGSB
PBSMX	PGIM Short-Term Corporate Bond Fund	Short-Term Bond	68	0.63%	—	Sep 1989	FPNIX vs PBSMX
PSTQX	PGIM Short-Term Corporate Bond Fund - Class R6	Short-Term Bond	66	0.71%	—	Mar 2012	FPNIX vs PSTQX
VOO	Vanguard S&P 500 ETF	S&P 500	66	10.72%	1.70T	Sep 2010	FPNIX vs VOO
JPLD	JPMorgan Limited Duration Bond ETF	Short-Term Bond	94	1.43%	3.94B	Feb 1993	FPNIX vs JPLD
JPST	JPMorgan Ultra-Short Income ETF	Ultrashort Bond	99	1.83%	39.85B	May 2017	FPNIX vs JPST
FTABX	Fidelity Tax-Free Bond Fund	Municipal Bonds	76	1.61%	—	Apr 2001	FPNIX vs FTABX
LLDYX	Lord Abbett Short Duration Income Fund	Total Bond Market	81	0.93%	—	Oct 2004	FPNIX vs LLDYX
PIFZX	PGIM Short-Term Corporate Bond Fund Class Z	Short-Term Bond	65	0.66%	—	Dec 1996	FPNIX vs PIFZX
USSBX	USAA Short Term Bond Fund	Short-Term Bond	92	1.27%	—	Jun 1993	FPNIX vs USSBX
SDMZX	PGIM Short Duration Multi-Sector Bond Fund	Short-Term Bond	61	1.30%	—	Dec 2013	FPNIX vs SDMZX
VBISX	Vanguard Short-Term Bond Index Fund	Short-Term Bond	51	0.39%	—	Mar 1994	FPNIX vs VBISX
SNSAX	SEI Asset Allocation Trust Defensive Strategy Fund	Short-Term Bond	92	2.02%	—	Nov 2003	FPNIX vs SNSAX
PTY	PIMCO Corporate & Income Opportunity Fund	Corporate Bonds	2	-1.50%	—	Dec 2002	FPNIX vs PTY
FFRHX	Fidelity Floating Rate High Income Fund	Bank Loan	93	2.25%	—	Aug 2000	FPNIX vs FFRHX
THOPX	Thompson Bond Fund	Short-Term Bond	92	1.43%	—	Feb 1992	FPNIX vs THOPX
TSDLX	T. Rowe Price Short Duration Income Fund	Short-Term Bond	95	1.46%	—	Dec 2020	FPNIX vs TSDLX
STBFX	Sextant Short Term Bond Fund	Short-Term Bond	—	—	—	Sep 1995	FPNIX vs STBFX
PIMIX	PIMCO Income Fund Institutional Class	Multisector Bonds	59	0.98%	—	Mar 2007	FPNIX vs PIMIX
DBLSX	DoubleLine Low Duration Bond Fund	Short-Term Bond	98	1.45%	—	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