Looking to diversify beyond PFD? The mutual funds below have historically moved differently from PFD, 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 PFD
0 mutual funds have low correlation with PFD (below 0.3), 0 of which are negatively correlated. The least correlated is Destra Flaherty & Crumrine Preferred and Income Fund (DPIIX) (Preferred Stock) with a 1Y correlation of 0.35, down from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Destra Flaherty & Crumrine Preferred and Income Fu... | 0.35 | 0.47 | 0.46 | 86 | Preferred Stock | PFD vs DPIIX | |
| Cohen & Steers Low Duration Preferred and Income F... | 0.36 | 0.40 | 0.37 | 86 | Preferred Stock | PFD vs LPXZX | |
| PIMCO Preferred and Capital Securities Fund | 0.36 | 0.41 | 0.38 | 68 | Preferred Stock | PFD vs PFINX | |
| Cohen & Steers Preferred Securities and Income SMA... | 0.36 | 0.42 | 0.39 | 85 | Preferred Stock | PFD vs PISHX | |
| Principal Capital Securities Fund | 0.38 | 0.41 | 0.37 | 77 | Preferred Stock | PFD vs PCSFX |
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