Looking to diversify beyond PABFX? The mutual funds below have the lowest correlation with PABFX — 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 PABFX.
Best Diversifiers for PABFX
2 mutual funds have low correlation with PABFX (below 0.3), 1 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 -0.23, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.23 | -0.02 | 0.12 | 73 | Diversified Portfolio | PABFX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.18 | 0.50 | 64 | Diversified Portfolio | PABFX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.32 | 0.54 | 0.61 | 96 | Diversified Portfolio | PABFX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.32 | 0.54 | 0.61 | 95 | Diversified Portfolio | PABFX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.53 | 0.61 | 96 | Diversified Portfolio | PABFX vs FIQDX |
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