Looking to diversify beyond PFO? The mutual funds below have historically moved differently from PFO, 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 PFO
0 mutual funds have low correlation with PFO (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers Preferred Securities and Income SMA Shares (PISHX) (Preferred Stock) with a 1Y correlation of 0.31, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Preferred Securities and Income SMA... | 0.31 | 0.44 | 0.45 | 85 | Preferred Stock | PFO vs PISHX | |
| Principal Capital Securities Fund | 0.33 | 0.40 | 0.43 | 77 | Preferred Stock | PFO vs PCSFX | |
| PIMCO Preferred and Capital Securities Fund | 0.34 | 0.45 | 0.43 | 68 | Preferred Stock | PFO vs PFINX | |
| Calamos Convertible Fund | 0.37 | 0.37 | 0.40 | 72 | Convertible Bonds | PFO vs CICVX | |
| Calamos Convertible Fund | 0.37 | 0.38 | 0.41 | 70 | Convertible Bonds | PFO vs CCVIX |
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