Looking to diversify beyond FPXTX? The mutual funds below have the lowest correlation with FPXTX — 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 FPXTX.
Best Diversifiers for FPXTX
18 mutual funds have low correlation with FPXTX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.01, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.01 | 0.18 | 0.22 | 96 | Municipal Bonds | FPXTX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.03 | 0.21 | 0.23 | 95 | Municipal Bonds | FPXTX vs DMREX | |
| Fidelity Select Semiconductors Portfolio | 0.08 | 0.07 | 0.08 | 97 | Semiconductors, Technology Equities | FPXTX vs FSELX | |
| DFA Short Term Municipal Bond Portfolio | 0.13 | 0.23 | 0.34 | 99 | Municipal Bonds | FPXTX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.14 | 0.32 | 0.39 | 99 | Municipal Bonds | FPXTX vs USMSX |
See all 28 diversifiers for FPXTX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FPXTX
Add FPXTX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FPXTX