Looking to diversify beyond PFADX? The mutual funds below have historically moved differently from PFADX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PFADX
0 mutual funds have low correlation with PFADX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Select Portfolio of Funds Fund (MHESX) (Global Allocation) with a 1Y correlation of 0.31, down from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Select Portfolio of Funds Fund | 0.31 | 0.30 | 0.46 | 75 | Global Allocation | PFADX vs MHESX | |
| LoCorr Macro Strategies Fund Class I | 0.32 | -0.07 | -0.17 | 83 | Global Allocation | PFADX vs LFMIX | |
| Nuveen Multi-Asset Income Fund | 0.47 | 0.49 | — | 77 | Global Allocation | PFADX vs NMAI | |
| Wilmington Real Asset Fund | 0.48 | 0.51 | 0.55 | 92 | Global Allocation | PFADX vs WMRIX | |
| Centerstone Investors Fund | 0.49 | 0.50 | 0.59 | 87 | Global Allocation | PFADX vs CENTX |
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