Looking to diversify beyond PAXLX? The mutual funds below have the lowest correlation with PAXLX — 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 PAXLX.
Best Diversifiers for PAXLX
0 mutual funds have low correlation with PAXLX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.33, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.33 | 0.15 | 0.13 | 72 | Large Cap Blend Equities | PAXLX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.47 | 0.38 | 0.43 | 69 | Large Cap Blend Equities | PAXLX vs ORDNX | |
| Pax High Yield Bond Fund | 0.58 | 0.54 | 0.52 | 71 | High Yield Bonds | PAXLX vs PAXHX | |
| Rock Oak Core Growth Fund | 0.60 | 0.73 | 0.82 | 62 | Large Cap Blend Equities | PAXLX vs RCKSX | |
| Glenmede Responsible ESG U.S. Equity Portfolio | 0.62 | 0.80 | 0.87 | 88 | Large Cap Blend Equities | PAXLX vs RESGX |
See all 38 diversifiers for PAXLX
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