Looking to diversify beyond FPURX? The mutual funds below have the lowest correlation with FPURX — 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 FPURX.
Best Diversifiers for FPURX
9 mutual funds have low correlation with FPURX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX) (Inflation-Protected Bonds) with a 1Y correlation of 0.06, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.06 | 0.18 | 0.23 | 89 | Inflation-Protected Bonds | FPURX vs VTAPX | |
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.16 | 0.49 | 67 | Diversified Portfolio | FPURX vs MHELX | |
| Fidelity Advisor Intermediate Municipal Income Fun... | 0.21 | 0.19 | 0.16 | 65 | Municipal Bonds | FPURX vs FZIIX | |
| Fidelity Floating Rate High Income Fund | 0.27 | 0.29 | 0.33 | 92 | Bank Loan | FPURX vs FFRHX | |
| Fidelity Strategic Real Return Fund | 0.27 | 0.44 | 0.53 | 87 | Diversified Portfolio | FPURX vs FSRRX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FPURX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FPURX and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.20, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.20 | 0.01 | 0.18 | 68 | Energy | |
| Altria Group, Inc. | -0.18 | -0.03 | 0.10 | 70 | Consumer Defensive | |
| ConocoPhillips Company | -0.17 | 0.04 | 0.20 | 61 | Energy | |
| Chevron Corporation | -0.16 | 0.04 | 0.20 | 68 | Energy | |
| The Coca-Cola Company | -0.15 | -0.00 | 0.17 | 74 | Consumer Defensive |
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