Looking to diversify beyond PALDX? The mutual funds below have the lowest correlation with PALDX — 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 PALDX.
Best Diversifiers for PALDX
10 mutual funds have low correlation with PALDX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.26, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.26 | -0.06 | 0.09 | 73 | Diversified Portfolio | PALDX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.17 | 0.49 | 64 | Diversified Portfolio | PALDX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.24 | 0.47 | 0.56 | 96 | Diversified Portfolio | PALDX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.24 | 0.47 | 0.56 | 95 | Diversified Portfolio | PALDX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.25 | 0.46 | 0.56 | 96 | Diversified Portfolio | PALDX vs FIQDX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PALDX
Add PALDX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PALDX