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
0 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 0.31, roughly unchanged from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Preferred and Capital Securities Fund | 0.31 | 0.41 | 0.38 | 72 | Preferred Stock/Convertible Bonds | PFD vs PFINX | |
| Destra Flaherty & Crumrine Preferred and Income Fu... | 0.31 | 0.48 | 0.46 | 86 | Preferred Stock/Convertible Bonds | PFD vs DPIIX | |
| Lord Abbett Convertible Fund Class F | 0.33 | 0.33 | 0.34 | 82 | Preferred Stock/Convertible Bonds | PFD vs LBFFX | |
| Cohen & Steers Preferred Securities and Income SMA... | 0.33 | 0.42 | 0.38 | 84 | Preferred Stock/Convertible Bonds | PFD vs PISHX | |
| Principal Spectrum Preferred and Capital Securitie... | 0.34 | 0.45 | 0.40 | 62 | Preferred Stock/Convertible Bonds | PFD vs PPSIX |
See all 18 diversifiers for PFD
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Diversification Analysis
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