Looking to diversify beyond PFTEX? The mutual funds below have the lowest correlation with PFTEX — 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 PFTEX.
Best Diversifiers for PFTEX
1 mutual funds have low correlation with PFTEX (below 0.3), 1 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of -0.01, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.01 | 0.25 | 0.21 | 76 | Tactical Allocation | PFTEX vs PBAIX | |
| Quantified Evolution Plus Fund | 0.31 | 0.51 | 0.42 | 90 | Tactical Allocation | PFTEX vs QEVOX | |
| Hussman Strategic Total Return Fund | 0.35 | 0.34 | 0.37 | 92 | Tactical Allocation | PFTEX vs HSTRX | |
| AQR Diversifying Strategies Fund Class N | 0.46 | 0.34 | 0.17 | 93 | Tactical Allocation | PFTEX vs QDSNX | |
| Invesco Balanced-Risk Allocation Fund | 0.52 | 0.54 | 0.55 | 95 | Tactical Allocation | PFTEX vs ABRYX |
See all 24 diversifiers for PFTEX
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