Looking to diversify beyond PFSEX? The mutual funds below have historically moved differently from PFSEX, 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 PFSEX
2 mutual funds have low correlation with PFSEX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.09, down from 0.62 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | 0.09 | 0.47 | 0.62 | 70 | Quality Factor, Global Equities | PFSEX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.23 | 0.40 | 0.56 | 79 | Infrastructure Equities, Global Equities | PFSEX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.31 | 0.47 | 0.63 | 66 | Infrastructure Equities, Global Equities | PFSEX vs FGIAX | |
| SEI Institutional Managed Trust Global Managed Vol... | 0.40 | 0.61 | 0.71 | 53 | Global Equities, Low Volatility | PFSEX vs SVTAX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.41 | 0.38 | 0.41 | 90 | Multistrategy, Systematic Trend, Global Equities | PFSEX vs MBXIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PFSEX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.57, roughly unchanged from 0.64 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.57 | 0.60 | 0.64 | 60 | Consumer Cyclical | |
| NVIDIA Corporation | 0.59 | 0.60 | 0.66 | 56 | Technology |
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