Looking to diversify beyond PAAIX? The mutual funds below have the lowest correlation with PAAIX — 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 PAAIX.
Best Diversifiers for PAAIX
3 mutual funds have low correlation with PAAIX (below 0.3), 1 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of -0.13, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.13 | 0.06 | 0.05 | 76 | Tactical Allocation | PAAIX vs PBAIX | |
| PIMCO Commodity Real Return Strategy Fund | 0.15 | 0.34 | 0.42 | 78 | Commodities | PAAIX vs PCRIX | |
| Calamos Market Neutral Income Fund Institutional C... | 0.24 | 0.34 | 0.51 | 98 | PAAIX vs CMNIX | ||
| Potomac Defensive Bull Fund | 0.34 | 0.35 | 0.34 | 94 | Tactical Allocation | PAAIX vs CRDBX | |
| Quantified Evolution Plus Fund | 0.38 | 0.46 | 0.33 | 90 | Tactical Allocation | PAAIX vs QEVOX |
See all 64 diversifiers for PAAIX
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