Looking to diversify beyond PAXGX? The mutual funds below have the lowest correlation with PAXGX — 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 PAXGX.
Best Diversifiers for PAXGX
0 mutual funds have low correlation with PAXGX (below 0.3), 0 of which are negatively correlated. The least correlated is Russell Investment Tax-Managed Real Assets Fund (RTXAX) (Global Equities) with a 1Y correlation of 0.53, down from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Russell Investment Tax-Managed Real Assets Fund | 0.53 | 0.65 | 0.71 | 81 | Global Equities | PAXGX vs RTXAX | |
| Polaris Global Value Fund | 0.53 | 0.67 | 0.73 | 90 | Global Equities | PAXGX vs PGVFX | |
| T. Rowe Price Real Assets Fund | 0.54 | 0.64 | 0.71 | 57 | Global Equities | PAXGX vs PRAFX | |
| Pax High Yield Bond Fund | 0.56 | 0.55 | 0.54 | 72 | High Yield Bonds | PAXGX vs PAXHX | |
| Artisan Global Equity Fund | 0.59 | 0.72 | 0.79 | 62 | Global Equities | PAXGX vs ARTHX |
See all 28 diversifiers for PAXGX
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