Looking to diversify beyond PAPPX? The mutual funds below have the lowest correlation with PAPPX — 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 PAPPX.
Best Diversifiers for PAPPX
0 mutual funds have low correlation with PAPPX (below 0.3), 0 of which are negatively correlated. The least correlated is Tanaka Growth Fund (TGFRX) (Mid Cap Growth Equities) with a 1Y correlation of 0.48, down from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Tanaka Growth Fund | 0.48 | 0.59 | 0.67 | 53 | Mid Cap Growth Equities | PAPPX vs TGFRX | |
| Essex Environmental Opportunities Fund | 0.53 | 0.67 | 0.74 | 66 | Mid Cap Growth Equities | PAPPX vs EEOFX | |
| Calamos Timpani SMID Growth Fund | 0.54 | 0.65 | 0.74 | 72 | Mid Cap Growth Equities | PAPPX vs CTIGX | |
| Timothy Plan Aggressive Growth Fund | 0.55 | 0.69 | 0.78 | 92 | Mid Cap Growth Equities | PAPPX vs TAAGX | |
| Needham Growth Fund | 0.56 | 0.65 | 0.74 | 93 | Mid Cap Growth Equities | PAPPX vs NEEGX |
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