Looking to diversify beyond PFSMX? The mutual funds below have the lowest correlation with PFSMX — 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 PFSMX.
Best Diversifiers for PFSMX
0 mutual funds have low correlation with PFSMX (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers Global Infrastructure Fund Class A (CSUAX) (Global Equities) with a 1Y correlation of 0.41, down from 0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Global Infrastructure Fund Class A | 0.41 | 0.50 | 0.63 | 75 | Global Equities | PFSMX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.46 | 0.57 | 0.70 | 68 | Global Equities | PFSMX vs FGIAX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.65 | 0.73 | 0.80 | 85 | Global Equities | PFSMX vs RTXAX | |
| Polaris Global Value Fund | 0.65 | 0.75 | 0.80 | 91 | Global Equities | PFSMX vs PGVFX | |
| Vanguard Global Minimum Volatility Fund Admiral Sh... | 0.67 | 0.71 | 0.78 | 69 | Global Equities | PFSMX vs VMNVX |
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