Looking to diversify beyond FPNTX? The mutual funds below have the lowest correlation with FPNTX — 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 FPNTX.
Best Diversifiers for FPNTX
12 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 0.03, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Municipal Real Return Portfolio | 0.03 | 0.20 | 0.22 | 95 | Municipal Bonds | FPNTX vs DMREX | |
| Nuveen Mid Cap Value Fund | 0.12 | 0.10 | 0.08 | 70 | Mid Cap Value Equities | FPNTX vs FASEX | |
| Nuveen Equity Long/Short Fund | 0.13 | 0.06 | 0.06 | 57 | Long-Short | FPNTX vs NELIX | |
| DFA NY Municipal Bond Portfolio | 0.17 | 0.33 | 0.41 | 99 | Municipal Bonds | FPNTX vs DNYMX | |
| DFA Short Term Municipal Bond Portfolio | 0.17 | 0.26 | 0.35 | 99 | Municipal Bonds | FPNTX vs DFSMX |
See all 25 diversifiers for FPNTX
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