Looking to diversify beyond PFO? The mutual funds below have the lowest correlation with PFO — 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 PFO.
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 PIMCO Preferred and Capital Securities Fund (PFINX) (Preferred Stock/Convertible Bonds) with a 1Y correlation of 0.33, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Preferred and Capital Securities Fund | 0.33 | 0.45 | 0.43 | 73 | Preferred Stock/Convertible Bonds | PFO vs PFINX | |
| Principal Capital Securities Fund | 0.33 | 0.41 | 0.43 | 76 | Preferred Stock/Convertible Bonds | PFO vs PCSFX | |
| Calamos Convertible Fund | 0.33 | 0.38 | 0.40 | 90 | Preferred Stock/Convertible Bonds | PFO vs CICVX | |
| Cohen & Steers Preferred Securities and Income SMA... | 0.33 | 0.44 | 0.44 | 85 | Preferred Stock/Convertible Bonds | PFO vs PISHX | |
| Calamos Convertible Fund | 0.34 | 0.38 | 0.40 | 90 | Preferred Stock/Convertible Bonds | PFO vs CCVIX |
See all 16 diversifiers for PFO
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Diversification Analysis
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