Looking to diversify beyond PARYX? The mutual funds below have the lowest correlation with PARYX — 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 PARYX.
Best Diversifiers for PARYX
11 mutual funds have low correlation with PARYX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two-Year Fixed Income Portfolio (DFCFX) (Short-Term Bond) with a 1Y correlation of 0.07, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | 0.07 | 0.02 | 0.35 | 68 | Short-Term Bond | PARYX vs DFCFX | |
| Putnam Global Technology Fund | 0.11 | 0.07 | 0.12 | 82 | Technology Equities | PARYX vs PGTYX | |
| GuidePath Absolute Return Allocation Fund | 0.19 | 0.51 | 0.58 | 57 | Short-Term Bond | PARYX vs GPARX | |
| GuidepathConservative Income Fund | 0.20 | 0.34 | 0.41 | 99 | Short-Term Bond | PARYX vs GPICX | |
| Leader Short Term High Yield Bond Fund | 0.21 | 0.18 | 0.24 | 79 | Short-Term Bond | PARYX vs LCCMX |
See all 25 diversifiers for PARYX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PARYX
Add PARYX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PARYX