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
8 mutual funds have low correlation with FPURX (below 0.3), 2 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.26, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.26 | -0.08 | 0.08 | 58 | Diversified Portfolio | FPURX vs SIFAX | |
| Fidelity Select Energy Portfolio | -0.06 | 0.17 | 0.33 | 62 | Energy Equities | FPURX vs FSENX | |
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.14 | 0.47 | 69 | Diversified Portfolio | FPURX vs MHELX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.08 | 0.19 | 0.23 | 90 | Inflation-Protected Bonds | FPURX vs VTAPX | |
| Fidelity Floating Rate High Income Fund | 0.23 | 0.28 | 0.33 | 93 | Bank Loan | FPURX vs FFRHX |
To view more results, upgrade your current subscription plan.
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 Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.26, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.26 | 0.04 | 0.22 | 53 | Industrials | |
| Verizon Communications Inc. | -0.21 | -0.04 | 0.09 | 57 | Communication Services | |
| Altria Group, Inc. | -0.20 | -0.03 | 0.09 | 81 | Consumer Defensive | |
| The Coca-Cola Company | -0.20 | -0.02 | 0.18 | 83 | Consumer Defensive | |
| Chevron Corporation | -0.19 | 0.02 | 0.21 | 70 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FPURX
Add FPURX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FPURX