Looking to diversify beyond PENNX? The mutual funds below have the lowest correlation with PENNX — 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 PENNX.
Best Diversifiers for PENNX
1 mutual funds have low correlation with PENNX (below 0.3), 0 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of 0.25, down from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.25 | 0.47 | 0.58 | 53 | Large Cap Value Equities | PENNX vs LEXCX | |
| Auer Growth Fund | 0.73 | 0.79 | 0.81 | 90 | Small Cap Blend Equities | PENNX vs AUERX | |
| Vanguard 500 Index Fund Admiral Shares | 0.75 | 0.77 | 0.82 | 73 | S&P 500, Large Cap Blend Equities | PENNX vs VFIAX | |
| Royce Special Equity Fund | 0.82 | 0.87 | 0.89 | 75 | Small Cap Value Equities | PENNX vs RYSEX | |
| Voya Index Plus SmallCap Portfolio | 0.82 | 0.87 | 0.92 | 77 | Small Cap Blend Equities | PENNX vs IPSIX |
See all 31 diversifiers for PENNX
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