Looking to diversify beyond PFOAX? The mutual funds below have the lowest correlation with PFOAX — 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 PFOAX.
Best Diversifiers for PFOAX
1 mutual funds have low correlation with PFOAX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two Year Global Fixed Income Portfolio (DFGFX) (Global Bonds) with a 1Y correlation of 0.24, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two Year Global Fixed Income Portfolio | 0.24 | 0.09 | 0.28 | 100 | Global Bonds | PFOAX vs DFGFX | |
| PIMCO RAE US Small Fund | 0.35 | 0.22 | 0.12 | 68 | Small Cap Value Equities | PFOAX vs PMJIX | |
| Destinations Global Fixed Income Opportunities Fun... | 0.39 | 0.40 | 0.39 | 98 | Global Bonds | PFOAX vs DGFFX | |
| Eaton Vance Global Bond Fund | 0.40 | 0.43 | 0.38 | 91 | Global Bonds | PFOAX vs EAIIX | |
| Payden Global Low Duration Fund | 0.48 | 0.38 | 0.41 | 85 | Global Bonds | PFOAX vs PYGSX |
See all 10 diversifiers for PFOAX
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