Looking to diversify beyond PAOFX? The mutual funds below have the lowest correlation with PAOFX — 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 PAOFX.
Best Diversifiers for PAOFX
0 mutual funds have low correlation with PAOFX (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 0.71, 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 | 0.71 | 0.75 | 0.81 | 87 | Technology Equities | PAOFX vs PRSCX | |
| Dimensional Retirement Income Fund | 0.77 | 0.76 | 0.73 | 77 | Target Retirement Date | PAOFX vs TDIFX | |
| Prudential Day One Income Fund | 0.81 | 0.79 | 0.81 | 79 | Target Retirement Date | PAOFX vs PDAHX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.82 | 0.72 | 0.70 | 65 | Target Retirement Date | PAOFX vs FRIMX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.82 | 0.73 | 0.73 | 65 | Target Retirement Date | PAOFX vs FRQIX |
See all 54 diversifiers for PAOFX
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