Looking to diversify beyond FPUKX? The mutual funds below have the lowest correlation with FPUKX — 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 FPUKX.
Best Diversifiers for FPUKX
6 mutual funds have low correlation with FPUKX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.08, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.08 | 0.16 | 0.49 | 67 | Diversified Portfolio | FPUKX vs MHELX | |
| Fidelity Strategic Real Return Fund | 0.29 | 0.47 | 0.57 | 87 | Diversified Portfolio | FPUKX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.29 | 0.46 | 0.56 | 82 | Diversified Portfolio | FPUKX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.29 | 0.47 | 0.56 | 86 | Diversified Portfolio | FPUKX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.30 | 0.46 | 0.56 | 88 | Diversified Portfolio | FPUKX vs FIQDX |
See all 40 diversifiers for FPUKX
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