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Looking to diversify beyond PDBAX? The mutual funds below have the lowest correlation with PDBAX — 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 PDBAX.

Best Diversifiers for PDBAX

5 mutual funds have low correlation with PDBAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Advisor Floating Rate High Income Fund Class A (FFRAX) (High Yield Bonds) with a 1Y correlation of 0.15, roughly unchanged from 0.17 over 5 years.


See all 24 diversifiers for PDBAX

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Diversification Analysis

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