Looking to diversify beyond PBEAX? The mutual funds below have historically moved differently from PBEAX, 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 PBEAX
3 mutual funds have low correlation with PBEAX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners US Quality Dividend Income Fund (GQHPX) (Quality Factor) with a 1Y correlation of 0.11, down from 0.67 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners US Quality Dividend Income Fund | 0.11 | 0.53 | 0.67 | 58 | Quality Factor, Large Cap Value Equities | PBEAX vs GQHPX | |
| Voya Corporate Leaders Trust Fund | 0.22 | 0.52 | 0.67 | 94 | Large Cap Value Equities | PBEAX vs LEXCX | |
| PGIM Floating Rate Income Fund | 0.27 | 0.32 | 0.31 | 95 | Bank Loan | PBEAX vs FRFZX | |
| Federated Hermes Strategic Value Dividend Fund | 0.37 | 0.54 | 0.67 | 95 | Large Cap Value Equities | PBEAX vs SVAIX | |
| Buffalo Flexible Income Fund | 0.39 | 0.68 | 0.79 | 88 | Large Cap Value Equities | PBEAX vs BUFBX |
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