Looking to diversify beyond PAIPX? The mutual funds below have the lowest correlation with PAIPX — 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 PAIPX.
Best Diversifiers for PAIPX
27 mutual funds have low correlation with PAIPX (below 0.3), 7 of which are negatively correlated. The least correlated is SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) (Ultrashort Bond) with a 1Y correlation of -0.14, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust Opportunistic ... | -0.14 | -0.02 | 0.04 | 99 | Ultrashort Bond | PAIPX vs ENIAX | |
| PIMCO RAE US Small Fund | -0.12 | -0.04 | -0.04 | 72 | Small Cap Value Equities | PAIPX vs PMJIX | |
| Six Circles Tax Aware Ultra Short Duration Fund | -0.06 | -0.00 | 0.03 | 98 | Ultrashort Bond | PAIPX vs CUTAX | |
| Tactical Multi-Purpose Fund | -0.06 | 0.05 | 0.03 | 100 | Ultrashort Bond | PAIPX vs TMPFX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | -0.04 | 0.29 | 0.30 | 99 | Ultrashort Bond | PAIPX vs TRSTX |
See all 64 diversifiers for PAIPX
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