Looking to diversify beyond PASAX? The mutual funds below have the lowest correlation with PASAX — 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 PASAX.
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 -0.13, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.13 | 0.05 | 0.05 | 75 | Tactical Allocation | PASAX vs PBAIX | |
| Quantified STF Fund | 0.26 | 0.31 | 0.25 | 59 | Tactical Allocation | PASAX vs QSTFX | |
| Potomac Defensive Bull Fund | 0.37 | 0.36 | 0.35 | 93 | Tactical Allocation | PASAX vs CRDBX | |
| Quantified Evolution Plus Fund | 0.39 | 0.47 | 0.33 | 80 | Tactical Allocation | PASAX vs QEVOX | |
| AQR Diversifying Strategies Fund Class N | 0.40 | 0.32 | 0.22 | 91 | Tactical Allocation | PASAX vs QDSNX |
See all 45 diversifiers for PASAX
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