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
0 mutual funds have low correlation with PENNX (below 0.3), 0 of which are negatively correlated. The least correlated is Auer Growth Fund (AUERX) (Small Cap Blend Equities) with a 1Y correlation of 0.73, roughly unchanged from 0.81 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Auer Growth Fund | 0.73 | 0.78 | 0.81 | 86 | Small Cap Blend Equities | PENNX vs AUERX | |
| Vanguard Target Retirement Income Fund | 0.74 | 0.72 | 0.72 | 67 | Target Retirement Date, Diversified Portfolio | PENNX vs VTINX | |
| Vanguard 500 Index Fund Admiral Shares | 0.75 | 0.78 | 0.83 | 65 | S&P 500, Large Cap Blend Equities | PENNX vs VFIAX | |
| Royce Special Equity Fund | 0.81 | 0.87 | 0.89 | 83 | Small Cap Value Equities | PENNX vs RYSEX | |
| Voya Index Plus SmallCap Portfolio | 0.85 | 0.87 | 0.92 | 87 | Small Cap Blend Equities | PENNX vs IPSIX |
See all 34 diversifiers for PENNX
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