Looking to diversify beyond PAFGX? The mutual funds below have the lowest correlation with PAFGX — 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 PAFGX.
Best Diversifiers for PAFGX
1 mutual funds have low correlation with PAFGX (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.22, up from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.22 | 0.08 | -0.04 | 88 | Global Allocation | PAFGX vs LFMIX | |
| Wilmington Real Asset Fund | 0.35 | 0.56 | 0.61 | 84 | Global Allocation | PAFGX vs WMRIX | |
| Hartford Real Asset Fund | 0.45 | 0.61 | 0.67 | 97 | Global Allocation | PAFGX vs HRLYX | |
| Allspring Absolute Return Fund | 0.48 | 0.65 | 0.62 | 94 | Global Allocation | PAFGX vs WARAX | |
| Lazard Real Assets Portfolio | 0.49 | 0.63 | 0.69 | 76 | Global Allocation | PAFGX vs RALIX |
See all 23 diversifiers for PAFGX
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