Looking to diversify beyond PBXIX? The mutual funds below have historically moved differently from PBXIX, 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 PBXIX
2 mutual funds have low correlation with PBXIX (below 0.3), 0 of which are negatively correlated. The least correlated is Lazard Enhanced Opportunities Portfolio Open Shares (LEOOX) (Convertible Bonds) with a 1Y correlation of 0.18, roughly unchanged from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lazard Enhanced Opportunities Portfolio Open Share... | 0.18 | 0.06 | 0.14 | 75 | Convertible Bonds | PBXIX vs LEOOX | |
| Rational Special Situations Income Fund | 0.28 | 0.19 | 0.14 | 98 | Multisector Bonds | PBXIX vs RFXIX | |
| Rational/ReSolve Adaptive Asset Allocation Fund | 0.48 | 0.24 | 0.23 | 77 | Tactical Allocation | PBXIX vs RDMIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 0.48 | 0.35 | 0.44 | 100 | Multistrategy, Convertible Bonds | PBXIX vs ARBIX | |
| Rational Tactical Return Fund | 0.53 | 0.36 | 0.25 | 63 | Options Trading | PBXIX vs HRSTX |
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