Looking to diversify beyond PFJDX? The mutual funds below have the lowest correlation with PFJDX — 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 PFJDX.
Best Diversifiers for PFJDX
2 mutual funds have low correlation with PFJDX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.22, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.22 | -0.01 | 0.13 | 73 | Diversified Portfolio | PFJDX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.18 | 0.50 | 64 | Diversified Portfolio | PFJDX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.55 | 0.63 | 96 | Diversified Portfolio | PFJDX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.55 | 0.63 | 96 | Diversified Portfolio | PFJDX vs FIQDX | |
| Fidelity Strategic Real Return Fund | 0.34 | 0.57 | 0.63 | 96 | Diversified Portfolio | PFJDX vs FSRRX |
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