Looking to diversify beyond PAFFX? The mutual funds below have the lowest correlation with PAFFX — 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 PAFFX.
Best Diversifiers for PAFFX
0 mutual funds have low correlation with PAFFX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Science And Technology Fund (PRSCX) (Technology Equities) with a 1Y correlation of 0.72, roughly unchanged from 0.80 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Science And Technology Fund | 0.72 | 0.76 | 0.80 | 91 | Technology Equities | PAFFX vs PRSCX | |
| Dimensional Retirement Income Fund | 0.75 | 0.77 | 0.74 | 83 | Target Retirement Date | PAFFX vs TDIFX | |
| Fidelity Freedom Income Fund Class K | 0.80 | 0.72 | 0.70 | 75 | Target Retirement Date | PAFFX vs FNSHX | |
| Fidelity Freedom Income Fund | 0.81 | 0.73 | 0.71 | 76 | Target Retirement Date | PAFFX vs FFFAX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.81 | 0.73 | 0.70 | 78 | Target Retirement Date | PAFFX vs FFGZX |
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