Looking to diversify beyond PASIX? The mutual funds below have the lowest correlation with PASIX — 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 PASIX.
Best Diversifiers for PASIX
16 mutual funds have low correlation with PASIX (below 0.3), 4 of which are negatively correlated. The least correlated is AQR Style Premia Alternative R6 (QSPRX) (Multistrategy) with a 1Y correlation of -0.10, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative R6 | -0.10 | -0.06 | 0.07 | 52 | Multistrategy | PASIX vs QSPRX | |
| AQR Style Premia Alternative Fund | -0.10 | -0.05 | 0.07 | 52 | Multistrategy | PASIX vs QSPIX | |
| AQR Style Premia Alternative Fund Class N | -0.10 | -0.05 | 0.07 | 51 | Multistrategy | PASIX vs QSPNX | |
| GMO Alternative Allocation Fund | -0.09 | 0.15 | 0.27 | 69 | Multistrategy | PASIX vs GAAVX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | 0.04 | 0.04 | 0.03 | 100 | Multistrategy | PASIX vs SRRIX |
See all 31 diversifiers for PASIX
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