Looking to diversify beyond FPURX? The mutual funds below have historically moved differently from FPURX, 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 FPURX
9 mutual funds have low correlation with FPURX (below 0.3), 3 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 -0.27, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.27 | -0.11 | 0.06 | 83 | Diversified Portfolio | FPURX vs SIFAX | |
| Fidelity Select Energy Portfolio | -0.07 | 0.16 | 0.31 | 87 | Energy Equities | FPURX vs FSENX | |
| Fairholme Focused Income Fund | -0.04 | 0.23 | 0.45 | 73 | High Yield Bonds | FPURX vs FOCIX | |
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.13 | 0.47 | 66 | Diversified Portfolio | FPURX vs MHELX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.10 | 0.18 | 0.23 | 91 | Inflation-Protected Bonds | FPURX vs VTAPX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FPURX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.26, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.26 | -0.07 | 0.08 | 56 | Utilities | |
| Altria Group, Inc. | -0.25 | -0.05 | 0.07 | 66 | Consumer Defensive | |
| Chevron Corporation | -0.24 | 0.00 | 0.19 | 80 | Energy | |
| The Coca-Cola Company | -0.24 | -0.04 | 0.16 | 90 | Consumer Defensive | |
| Chubb Limited | -0.23 | 0.01 | 0.19 | 89 | Financial Services |
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