Looking to diversify beyond PAXWX? The mutual funds below have the lowest correlation with PAXWX — 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 PAXWX.
Best Diversifiers for PAXWX
1 mutual funds have low correlation with PAXWX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.03, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.16 | 0.49 | 67 | Diversified Portfolio | PAXWX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.32 | 0.53 | 0.58 | 82 | Diversified Portfolio | PAXWX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.32 | 0.53 | 0.59 | 86 | Diversified Portfolio | PAXWX vs FSIRX | |
| Fidelity Strategic Real Return Fund | 0.33 | 0.54 | 0.59 | 87 | Diversified Portfolio | PAXWX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.53 | 0.58 | 88 | Diversified Portfolio | PAXWX vs FIQDX |
See all 29 diversifiers for PAXWX
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