Looking to diversify beyond PASAX? The mutual funds below have historically moved differently from PASAX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PASAX
2 mutual funds have low correlation with PASAX (below 0.3), 1 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of -0.14, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.14 | 0.06 | 0.04 | 85 | Tactical Allocation | PASAX vs PBAIX | |
| PIMCO Commodity Real Return Strategy Fund | 0.14 | 0.29 | 0.39 | 69 | Commodities | PASAX vs PCRIX | |
| Potomac Defensive Bull Fund | 0.35 | 0.35 | 0.35 | 84 | Tactical Allocation | PASAX vs CRDBX | |
| Alpha Fiduciary Quantitative Strategy Fund | 0.36 | 0.20 | 0.28 | 83 | Tactical Allocation | PASAX vs AFQSX | |
| AQR Diversifying Strategies Fund Class N | 0.38 | 0.32 | 0.20 | 92 | Tactical Allocation | PASAX vs QDSNX |
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