Looking to diversify beyond PAIJX? The mutual funds below have historically moved differently from PAIJX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PAIJX
2 mutual funds have low correlation with PAIJX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.21, down from 0.60 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.21 | 0.48 | 0.60 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | PAIJX vs GSIYX | |
| The Cook & Bynum Fund | 0.28 | 0.40 | 0.47 | 66 | Emerging Markets Equities | PAIJX vs COBYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.44 | 0.62 | 0.69 | 92 | Emerging Markets Equities | PAIJX vs ESCIX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.47 | 0.51 | 0.54 | 77 | Large Cap Blend Equities, Dividend | PAIJX vs PRDGX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.68 | 0.75 | 0.79 | 77 | Emerging Markets Equities | PAIJX vs EMPTX |
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