Looking to diversify beyond PFD? The mutual funds below have the lowest correlation with PFD — 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 PFD.
Best Diversifiers for PFD
1 mutual funds have low correlation with PFD (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO Preferred and Capital Securities Fund (PFINX) (Preferred Stock/Convertible Bonds) with a 1Y correlation of 0.28, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Preferred and Capital Securities Fund | 0.28 | 0.40 | 0.37 | 74 | Preferred Stock/Convertible Bonds | PFD vs PFINX | |
| Cohen & Steers Low Duration Preferred and Income F... | 0.31 | 0.41 | 0.36 | 85 | Preferred Stock/Convertible Bonds | PFD vs LPXZX | |
| Destra Flaherty & Crumrine Preferred and Income Fu... | 0.31 | 0.49 | 0.46 | 89 | Preferred Stock/Convertible Bonds | PFD vs DPIIX | |
| Principal Spectrum Preferred and Capital Securitie... | 0.32 | 0.44 | 0.39 | 66 | Preferred Stock/Convertible Bonds | PFD vs PPSIX | |
| Lord Abbett Convertible Fund Class F | 0.32 | 0.33 | 0.34 | 87 | Preferred Stock/Convertible Bonds | PFD vs LBFFX |
See all 18 diversifiers for PFD
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PFD
Add PFD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PFD