Looking to diversify beyond PFLRX? The mutual funds below have the lowest correlation with PFLRX — 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 PFLRX.
Best Diversifiers for PFLRX
5 mutual funds have low correlation with PFLRX (below 0.3), 2 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 -0.15, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.15 | -0.00 | 0.08 | 80 | Bank Loan | PFLRX vs XPTFX | |
| RiverPark Floating Rate CMBS Fund | -0.00 | 0.08 | 0.16 | 100 | Bank Loan | PFLRX vs RCRIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.04 | — | — | 98 | Bank Loan | PFLRX vs CAPIX | |
| Putnam Global Technology Fund | 0.27 | 0.30 | 0.31 | 91 | Technology Equities | PFLRX vs PGTYX | |
| Putnam Ultra Short Duration Income Fund | 0.29 | 0.27 | 0.26 | 98 | Ultrashort Bond | PFLRX vs PSDYX |
See all 25 diversifiers for PFLRX
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