Looking to diversify beyond PHRAX? The mutual funds below have historically moved differently from PHRAX, 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 PHRAX
16 mutual funds have low correlation with PHRAX (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.21 | — | — | 99 | REIT | PHRAX vs QREARX | |
| Virtus Diversified Income & Convertible Fund | 0.01 | 0.29 | 0.39 | 64 | Diversified Portfolio, Convertible Bonds | PHRAX vs ACV | |
| Virtus Seix Floating Rate High Income Fund | 0.02 | 0.18 | 0.22 | 98 | Bank Loan | PHRAX vs SAMBX | |
| Redwood Real Estate Income Fund | 0.04 | — | — | 100 | REIT | PHRAX vs CREMX | |
| Virtus Newfleet Senior Floating Rate Fund | 0.15 | 0.22 | 0.22 | 92 | Bank Loan | PHRAX vs PSFIX |
See all 61 diversifiers for PHRAX
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