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 | 0.05 | 0.05 | 81 | Tactical Allocation | PAAIX vs PBAIX | |
| Calamos Market Neutral Income Fund Institutional C... | 0.23 | 0.33 | 0.51 | 98 | PAAIX vs CMNIX | ||
| Quantified STF Fund | 0.26 | 0.31 | 0.25 | 61 | Tactical Allocation | PAAIX vs QSTFX | |
| Alpha Fiduciary Quantitative Strategy Fund | 0.35 | 0.20 | 0.29 | 62 | Tactical Allocation | PAAIX vs AFQSX | |
| Potomac Defensive Bull Fund | 0.38 | 0.36 | 0.35 | 93 | Tactical Allocation | PAAIX vs CRDBX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PAAIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PAAIX and solid risk/return profiles. The least correlated is Meta Financial Group, Inc. (CASH) (Financial Services) with a 1Y correlation of 0.28, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Meta Financial Group, Inc. | 0.28 | 0.35 | 0.43 | 53 | Financial Services |
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