Looking to diversify beyond PFFRX? The mutual funds below have the lowest correlation with PFFRX — 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 PFFRX.
Best Diversifiers for PFFRX
4 mutual funds have low correlation with PFFRX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.13, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.13 | -0.01 | 0.09 | 81 | Bank Loan | PFFRX vs XPTFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.10 | — | — | 98 | Bank Loan | PFFRX vs CAPIX | |
| RiverPark Floating Rate CMBS Fund | 0.18 | 0.14 | 0.18 | 100 | Bank Loan | PFFRX vs RCRIX | |
| Calvert Floating-Rate Advantage Fund | 0.28 | 0.48 | 0.67 | 60 | Bank Loan | PFFRX vs CFOIX | |
| T. Rowe Price Science And Technology Fund | 0.31 | 0.27 | 0.27 | 90 | Technology Equities | PFFRX vs PRSCX |
See all 16 diversifiers for PFFRX
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