Looking to diversify beyond PAFTX? The mutual funds below have the lowest correlation with PAFTX — 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 PAFTX.
Best Diversifiers for PAFTX
0 mutual funds have low correlation with PAFTX (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 0.73, roughly unchanged from 0.81 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Science And Technology Fund | 0.73 | 0.76 | 0.81 | 91 | Technology Equities | PAFTX vs PRSCX | |
| Dimensional Retirement Income Fund | 0.73 | 0.75 | 0.72 | 83 | Target Retirement Date | PAFTX vs TDIFX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.79 | 0.70 | 0.68 | 78 | Target Retirement Date | PAFTX vs FFGZX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.80 | 0.73 | 0.73 | 75 | Target Retirement Date | PAFTX vs FRQHX | |
| Fidelity Freedom Index Income Fund Investor Class | 0.80 | 0.70 | 0.68 | 77 | Target Retirement Date | PAFTX vs FIKFX |
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