Looking to diversify beyond PASIX? The mutual funds below have historically moved differently from PASIX, 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 PASIX
13 mutual funds have low correlation with PASIX (below 0.3), 4 of which are negatively correlated. The least correlated is GMO Alternative Allocation Fund (GAAVX) (Multistrategy) with a 1Y correlation of -0.13, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO Alternative Allocation Fund | -0.13 | 0.13 | 0.25 | 92 | Multistrategy | PASIX vs GAAVX | |
| AQR Style Premia Alternative R6 | -0.09 | -0.05 | 0.08 | 89 | Multistrategy | PASIX vs QSPRX | |
| AQR Style Premia Alternative Fund - Class I | -0.08 | -0.05 | 0.08 | 89 | Multistrategy | PASIX vs QSPIX | |
| AQR Style Premia Alternative Fund Class N | -0.07 | -0.04 | 0.08 | 88 | Multistrategy | PASIX vs QSPNX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | 0.07 | 0.03 | 0.04 | 100 | Multistrategy | PASIX vs SRRIX |
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