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), 1 of which are negatively correlated. The least correlated is Goldman Sachs TacticalTiltOverlayFund (TTIFX) (Tactical Allocation) with a 1Y correlation of -0.03, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs TacticalTiltOverlayFund | -0.03 | 0.05 | 0.27 | 66 | Tactical Allocation | PDX vs TTIFX | |
| GuidePath Flexible Income Allocation Fund | 0.02 | 0.15 | 0.19 | 88 | Tactical Allocation | PDX vs GPIFX | |
| Hussman Strategic Total Return Fund | 0.04 | 0.15 | 0.29 | 93 | Tactical Allocation | PDX vs HSTRX | |
| PIMCO All Asset All Authority Fund | 0.06 | 0.16 | 0.36 | 78 | Tactical Allocation | PDX vs PAUIX | |
| SEI Institutional Managed Trust Multi-Asset Income... | 0.07 | 0.19 | 0.28 | 90 | Tactical Allocation | PDX vs SIOAX |
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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 PIMCO Dynamic Income Opportunities Fund (PDO) (Financial Services) with a 1Y correlation of 0.01, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PIMCO Dynamic Income Opportunities Fund | 0.01 | 0.17 | 0.28 | 70 | Financial Services | |
| Target Corporation | 0.05 | 0.14 | 0.25 | 75 | Consumer Defensive | |
| AGNC Investment Corp. | 0.11 | 0.25 | 0.34 | 83 | Real Estate | |
| BlackRock Science and Technology Trust | 0.11 | 0.22 | 0.35 | 87 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.20 | 0.25 | 0.36 | 71 | Financial Services |
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