Looking to diversify beyond PBFDX? The mutual funds below have historically moved differently from PBFDX, 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 PBFDX
1 mutual funds have low correlation with PBFDX (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 0.29, up from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.29 | 0.12 | 0.11 | 97 | Large Cap Blend Equities | PBFDX vs SVPFX | |
| Rock Oak Core Growth Fund | 0.50 | 0.63 | 0.74 | 89 | Large Cap Blend Equities | PBFDX vs RCKSX | |
| North Square Preferred and Income Securities Fund | 0.52 | 0.31 | 0.38 | 59 | Preferred Stock | PBFDX vs ORDNX | |
| Muhlenkamp Fund | 0.53 | 0.64 | 0.70 | 59 | Large Cap Blend Equities | PBFDX vs MUHLX | |
| Fidelity SAI U.S. Low Volatility Index Fund | 0.55 | 0.69 | 0.79 | 61 | Low Volatility | PBFDX vs FSUVX |
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