Looking to diversify beyond PAELX? The mutual funds below have the lowest correlation with PAELX — 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 PAELX.
Best Diversifiers for PAELX
1 mutual funds have low correlation with PAELX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Stone Harbor Emerging Markets Income Fund (EDF) (Emerging Markets Bonds) with a 1Y correlation of 0.23, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 0.23 | 0.23 | 0.27 | 55 | Emerging Markets Bonds | PAELX vs EDF | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.34 | 0.36 | 0.37 | 98 | Emerging Markets Bonds | PAELX vs DBLLX | |
| T. Rowe Price Science And Technology Fund | 0.37 | 0.31 | 0.36 | 74 | Technology Equities | PAELX vs PRSCX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | 0.43 | 0.40 | 0.44 | 96 | Emerging Markets Bonds | PAELX vs SHCDX | |
| American Beacon Developing World Income Fund Class... | 0.45 | 0.38 | 0.40 | 98 | Emerging Markets Bonds | PAELX vs AGEYX |
See all 18 diversifiers for PAELX
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