Looking to diversify beyond PDX? The mutual funds below have the lowest correlation with PDX — 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 PDX.
Best Diversifiers for PDX
46 mutual funds have low correlation with PDX (below 0.3), 0 of which are negatively correlated. The least correlated is GuidePath Flexible Income Allocation Fund (GPIFX) (Tactical Allocation) with a 1Y correlation of 0.03, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GuidePath Flexible Income Allocation Fund | 0.03 | 0.15 | 0.19 | 87 | Tactical Allocation | PDX vs GPIFX | |
| Adams Diversified Equity Fund, Inc. | 0.08 | 0.27 | 0.41 | 67 | Large Cap Blend Equities | PDX vs ADX | |
| Quantified STF Fund | 0.08 | 0.17 | 0.16 | 59 | Tactical Allocation | PDX vs QSTFX | |
| Columbia Thermostat Fund | 0.09 | 0.22 | 0.25 | 68 | Tactical Allocation | PDX vs COTZX | |
| PIMCO All Asset All Authority Fund | 0.09 | 0.18 | 0.36 | 73 | Tactical Allocation | PDX vs PAUIX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PDX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PDX and solid risk/return profiles. The least correlated is Target Corporation (TGT) (Consumer Defensive) with a 1Y correlation of 0.04, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Target Corporation | 0.04 | 0.15 | 0.25 | 76 | Consumer Defensive | |
| BlackRock Science and Technology Trust | 0.09 | 0.22 | 0.35 | 89 | Financial Services | |
| AGNC Investment Corp. | 0.12 | 0.27 | 0.35 | 76 | Real Estate | |
| BlackRock Science and Technology Trust II | 0.19 | 0.29 | 0.37 | 96 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.23 | 0.26 | 0.36 | 69 | Financial Services |
Build a portfolio that complements PDX
Add PDX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PDX