Looking to diversify beyond PFFRX? The mutual funds below have historically moved differently from PFFRX, 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 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 -0.16, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.16 | -0.02 | 0.09 | 92 | Bank Loan | PFFRX vs XPTFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.13 | — | — | 99 | Bank Loan | PFFRX vs CAPIX | |
| RiverPark Floating Rate CMBS Fund | 0.19 | 0.14 | 0.18 | 99 | Bank Loan | PFFRX vs RCRIX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.26 | 0.29 | 0.29 | 75 | Large Cap Blend Equities, Dividend | PFFRX vs PRDGX | |
| Victory Floating Rate Fund | 0.34 | 0.45 | 0.60 | 82 | Bank Loan | PFFRX vs RSFYX |
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