Looking to diversify beyond PAXBX? The mutual funds below have the lowest correlation with PAXBX — 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 PAXBX.
Best Diversifiers for PAXBX
0 mutual funds have low correlation with PAXBX (below 0.3), 0 of which are negatively correlated. The least correlated is Pax U.S. Sustainable Economy Fund (PXWGX) (Large Cap Blend Equities) with a 1Y correlation of 0.34, up from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pax U.S. Sustainable Economy Fund | 0.34 | 0.26 | 0.19 | 70 | Large Cap Blend Equities | PAXBX vs PXWGX | |
| Pax Small Cap Fund | 0.35 | 0.25 | 0.18 | 72 | Small Cap Blend Equities | PAXBX vs PXSCX | |
| Pax High Yield Bond Fund | 0.56 | 0.54 | 0.47 | 71 | High Yield Bonds | PAXBX vs PAXHX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.67 | 0.72 | 0.69 | 53 | Intermediate Core Bond | PAXBX vs STWTX | |
| Loomis Sayles Securitized Asset Fund | 0.76 | 0.87 | 0.89 | 64 | Intermediate Core Bond | PAXBX vs LSSAX |
See all 6 diversifiers for PAXBX
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