Looking to diversify beyond PFSZX? The mutual funds below have historically moved differently from PFSZX, 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 PFSZX
3 mutual funds have low correlation with PFSZX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus AlphaSimplex Managed Futures Strategy Fund Class I (ASFYX) (Systematic Trend) with a 1Y correlation of 0.15, roughly unchanged from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.15 | 0.15 | 0.07 | 66 | Systematic Trend | PFSZX vs ASFYX | |
| BlackRock Global Equity Market Neutral Fund | 0.24 | 0.14 | 0.08 | 97 | Equity Market Neutral | PFSZX vs BDMAX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.24 | 0.13 | 0.08 | 97 | Equity Market Neutral | PFSZX vs BDMIX | |
| BlackRock Strategic Income Opportunities Fund Clas... | 0.30 | 0.25 | 0.26 | 64 | Total Bond Market | PFSZX vs BSIIX | |
| Fidelity Asset Manager 40% Fund | 0.46 | 0.59 | 0.68 | 78 | Diversified Portfolio | PFSZX vs FFANX |
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