Looking to diversify beyond PHSKX? The mutual funds below have the lowest correlation with PHSKX — 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 PHSKX.
Best Diversifiers for PHSKX
3 mutual funds have low correlation with PHSKX (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin Federal Tax Free Income Fund (FKTIX) (Municipal Bonds) with a 1Y correlation of 0.18, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Federal Tax Free Income Fund | 0.18 | 0.14 | 0.14 | 71 | Municipal Bonds | PHSKX vs FKTIX | |
| Virtus Seix Floating Rate High Income Fund | 0.23 | 0.29 | 0.29 | 97 | Bank Loan | PHSKX vs SAMBX | |
| The Merger Fund | 0.28 | 0.30 | 0.35 | 97 | Event Driven | PHSKX vs MERFX | |
| Tanaka Growth Fund | 0.53 | 0.65 | 0.72 | 54 | Mid Cap Growth Equities | PHSKX vs TGFRX | |
| Essex Environmental Opportunities Fund | 0.58 | 0.70 | 0.77 | 79 | Mid Cap Growth Equities | PHSKX vs EEOFX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PHSKX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PHSKX and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.18, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.18 | 0.06 | 0.15 | 85 | Energy |
Build a portfolio that complements PHSKX
Add PHSKX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PHSKX