Looking to diversify beyond PFADX? The mutual funds below have the lowest correlation with PFADX — 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 PFADX.
Best Diversifiers for PFADX
1 mutual funds have low correlation with PFADX (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.29, up from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.29 | -0.10 | -0.16 | 85 | Global Allocation | PFADX vs LFMIX | |
| MH Elite Select Portfolio of Funds Fund | 0.39 | 0.34 | 0.48 | 57 | Global Allocation | PFADX vs MHESX | |
| Nuveen Multi-Asset Income Fund | 0.48 | 0.51 | — | 50 | Global Allocation | PFADX vs NMAI | |
| Centerstone Investors Fund | 0.53 | 0.52 | 0.60 | 63 | Global Allocation | PFADX vs CENTX | |
| Calamos Global Dynamic Income Fund | 0.53 | 0.45 | 0.47 | 71 | Global Allocation | PFADX vs CHW |
See all 56 diversifiers for PFADX
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