Looking to diversify beyond PFSZX? The mutual funds below have the lowest correlation with PFSZX — 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 PFSZX.
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 AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) (Systematic Trend) with a 1Y correlation of 0.21, up from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.21 | 0.16 | 0.09 | 60 | Systematic Trend | PFSZX vs ASFYX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.24 | 0.13 | 0.08 | 95 | Long-Short | PFSZX vs BDMIX | |
| BlackRock Technology Opportunities Fund Investor A | 0.26 | 0.40 | 0.56 | 66 | Technology Equities | PFSZX vs BGSAX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.40 | 0.49 | 0.62 | 70 | Large Cap Growth Equities | PFSZX vs NASDX | |
| Fidelity Asset Manager 40% Fund | 0.51 | 0.61 | 0.69 | 79 | Diversified Portfolio | PFSZX vs FFANX |
See all 13 diversifiers for PFSZX
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Diversification Analysis
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