Looking to diversify beyond PARFX? The mutual funds below have the lowest correlation with PARFX — 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 PARFX.
Best Diversifiers for PARFX
0 mutual funds have low correlation with PARFX (below 0.3), 0 of which are negatively correlated. The least correlated is Permanent Portfolio Versatile Bond Portfolio (PRVBX) (Short-Term Bond) with a 1Y correlation of 0.44, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Permanent Portfolio Versatile Bond Portfolio | 0.44 | 0.39 | 0.35 | 85 | Short-Term Bond | PARFX vs PRVBX | |
| T. Rowe Price Science And Technology Fund | 0.70 | 0.76 | 0.81 | 91 | Technology Equities | PARFX vs PRSCX | |
| Dimensional Retirement Income Fund | 0.75 | 0.76 | 0.73 | 83 | Target Retirement Date | PARFX vs TDIFX | |
| Vanguard Information Technology Index Fund Admiral... | 0.76 | 0.79 | 0.84 | 81 | Technology Equities | PARFX vs VITAX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.81 | 0.73 | 0.73 | 75 | Target Retirement Date | PARFX vs FRQHX |
See all 65 diversifiers for PARFX
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