Looking to diversify beyond PADZX? The mutual funds below have the lowest correlation with PADZX — 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 PADZX.
Best Diversifiers for PADZX
29 mutual funds have low correlation with PADZX (below 0.3), 2 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.08, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.08 | 0.16 | 0.23 | 99 | Nontraditional Bonds | PADZX vs APFPX | |
| Putnam Mortgage Opportunities Fund | -0.02 | 0.19 | 0.12 | 66 | Nontraditional Bonds | PADZX vs PMOTX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.03 | — | — | 100 | Nontraditional Bonds | PADZX vs CBYYX | |
| GMO Opportunistic Income Fund | 0.11 | -0.22 | -0.17 | 97 | Nontraditional Bonds | PADZX vs GMODX | |
| Dunham Long/Short Credit Fund | 0.11 | 0.05 | 0.16 | 93 | Nontraditional Bonds | PADZX vs DCAIX |
See all 49 diversifiers for PADZX
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Diversification Analysis
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