Looking to diversify beyond PFLEX? The mutual funds below have the lowest correlation with PFLEX — 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 PFLEX.
Best Diversifiers for PFLEX
5 mutual funds have low correlation with PFLEX (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of 0.09, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.09 | 0.01 | 0.05 | 100 | High Yield Bonds | PFLEX vs CCLFX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.15 | 0.07 | 0.03 | 96 | Equity Market Neutral | PFLEX vs BDMIX | |
| Nationwide Strategic Income A | 0.17 | 0.26 | 0.23 | 99 | Multisector Bonds | PFLEX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.20 | 0.29 | 0.24 | 99 | Multisector Bonds | PFLEX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.22 | 0.21 | 0.24 | 97 | Multisector Bonds | PFLEX vs CBLDX |
See all 22 diversifiers for PFLEX
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Diversification Analysis
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