Looking to diversify beyond PHSKX? The mutual funds below have historically moved differently from PHSKX, 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 PHSKX
4 mutual funds have low correlation with PHSKX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Seix Floating Rate High Income Fund (SAMBX) (Bank Loan) with a 1Y correlation of 0.23, roughly unchanged from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Seix Floating Rate High Income Fund | 0.23 | 0.28 | 0.29 | 98 | Bank Loan | PHSKX vs SAMBX | |
| Virtus Duff & Phelps Real Estate Securities Fund | 0.24 | 0.44 | 0.53 | 68 | REIT | PHSKX vs PHRAX | |
| Franklin Federal Tax Free Income Fund | 0.24 | 0.16 | 0.15 | 82 | Municipal Bonds | PHSKX vs FKTIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.29 | 0.25 | 0.07 | 66 | Systematic Trend | PHSKX vs ASFYX | |
| The Merger Fund | 0.30 | 0.30 | 0.36 | 96 | Event Driven | PHSKX vs MERFX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PHSKX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.20, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.20 | 0.02 | 0.13 | 84 | Energy |
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