Looking to diversify beyond PFL? The mutual funds below have the lowest correlation with PFL — 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 PFL.
Best Diversifiers for PFL
8 mutual funds have low correlation with PFL (below 0.3), 0 of which are negatively correlated. The least correlated is Potomac Managed Volatility Fund (CRMVX) (Multisector Bonds) with a 1Y correlation of 0.07, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Potomac Managed Volatility Fund | 0.07 | 0.19 | 0.13 | 55 | Multisector Bonds | PFL vs CRMVX | |
| CrossingBridge Responsible Credit Fund | 0.18 | 0.12 | — | 58 | Multisector Bonds | PFL vs CBRDX | |
| CrossingBridge Low Duration High Yield Fund | 0.19 | 0.16 | 0.17 | 97 | Multisector Bonds | PFL vs CBLDX | |
| Nationwide Strategic Income A | 0.20 | 0.10 | 0.07 | 99 | Multisector Bonds | PFL vs NWXEX | |
| Rational Special Situations Income Fund | 0.21 | 0.15 | 0.14 | 98 | Multisector Bonds | PFL vs RFXIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PFL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PFL and solid risk/return profiles. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.19, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.19 | 0.23 | 0.31 | 81 | Financial Services | |
| AGNC Investment Corp. | 0.34 | 0.29 | 0.35 | 76 | Real Estate |
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