Looking to diversify beyond PAOPX? The mutual funds below have the lowest correlation with PAOPX — 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 PAOPX.
Best Diversifiers for PAOPX
3 mutual funds have low correlation with PAOPX (below 0.3), 1 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of -0.07, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.07 | 0.01 | 0.03 | 100 | High Yield Bonds | PAOPX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.05 | 0.09 | 0.12 | 100 | High Yield Bonds | PAOPX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.18 | 0.18 | 0.26 | 99 | High Yield Bonds | PAOPX vs RPHIX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.36 | 0.64 | 0.78 | 69 | High Yield Bonds | PAOPX vs FHYSX | |
| T. Rowe Price Science And Technology Fund | 0.49 | 0.39 | 0.42 | 87 | Technology Equities | PAOPX vs PRSCX |
See all 23 diversifiers for PAOPX
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