Looking to diversify beyond FPNTX? The mutual funds below have historically moved differently from FPNTX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FPNTX
13 mutual funds have low correlation with FPNTX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Municipal Real Return Portfolio (DMREX) (Municipal Bonds) with a 1Y correlation of 0.05, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Municipal Real Return Portfolio | 0.05 | 0.18 | 0.23 | 92 | Municipal Bonds | FPNTX vs DMREX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.20 | 0.20 | 0.18 | 99 | Municipal Bonds | FPNTX vs TFCYX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.21 | 0.13 | 0.14 | 63 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | FPNTX vs QQQX | |
| DFA Short Term Municipal Bond Portfolio | 0.21 | 0.27 | 0.36 | 100 | Municipal Bonds | FPNTX vs DFSMX | |
| Nuveen Mid Cap Value Fund | 0.22 | 0.11 | 0.09 | 85 | Mid Cap Value Equities | FPNTX vs FASEX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FPNTX
Add FPNTX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FPNTX