Looking to diversify beyond PDPAX? The mutual funds below have the lowest correlation with PDPAX — 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 PDPAX.
Best Diversifiers for PDPAX
3 mutual funds have low correlation with PDPAX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Seix Floating Rate High Income Fund (SAMBX) (Bank Loan) with a 1Y correlation of 0.06, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Seix Floating Rate High Income Fund | 0.06 | 0.19 | 0.27 | 97 | Bank Loan | PDPAX vs SAMBX | |
| LoCorr Macro Strategies Fund Class I | 0.25 | 0.04 | -0.02 | 84 | Global Allocation | PDPAX vs LFMIX | |
| The Merger Fund | 0.27 | 0.29 | 0.31 | 97 | Event Driven | PDPAX vs MERFX | |
| MH Elite Select Portfolio of Funds Fund | 0.36 | 0.36 | 0.53 | 51 | Global Allocation | PDPAX vs MHESX | |
| Calamos Global Dynamic Income Fund | 0.36 | 0.44 | 0.52 | 63 | Global Allocation | PDPAX vs CHW |
See all 21 diversifiers for PDPAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PDPAX
Add PDPAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PDPAX