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 Putnam Global Technology Fund (PGTYX) (Technology Equities) with a 1Y correlation of 0.10, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Putnam Global Technology Fund | 0.10 | 0.08 | 0.12 | 71 | Technology Equities | PARYX vs PGTYX | |
| DFA Two-Year Fixed Income Portfolio | 0.14 | 0.03 | 0.35 | 100 | Short-Term Bond | PARYX vs DFCFX | |
| GuidePath Absolute Return Allocation Fund | 0.15 | 0.49 | 0.57 | 55 | Short-Term Bond | PARYX vs GPARX | |
| Leader Short Term High Yield Bond Fund | 0.17 | 0.18 | 0.24 | 84 | Short-Term Bond | PARYX vs LCCMX | |
| GuidepathConservative Income Fund | 0.18 | 0.32 | 0.41 | 99 | Short-Term Bond | PARYX vs GPICX |
See all 27 diversifiers for PARYX
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