Looking to diversify beyond PHRAX? The mutual funds below have the lowest correlation with PHRAX — 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 PHRAX.
Best Diversifiers for PHRAX
15 mutual funds have low correlation with PHRAX (below 0.3), 2 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.21 | — | — | 98 | REIT | PHRAX vs QREARX | |
| Redwood Real Estate Income Fund | -0.02 | — | — | 100 | REIT | PHRAX vs CREMX | |
| Virtus Seix Floating Rate High Income Fund | 0.05 | 0.21 | 0.23 | 97 | Bank Loan | PHRAX vs SAMBX | |
| Virtus Diversified Income & Convertible Fund | 0.11 | 0.34 | 0.42 | 65 | Diversified Portfolio | PHRAX vs ACV | |
| Virtus Newfleet Senior Floating Rate Fund | 0.21 | 0.25 | 0.23 | 87 | Bank Loan | PHRAX vs PSFIX |
See all 23 diversifiers for PHRAX
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Diversification Analysis
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