Looking to diversify beyond PHSPX? The mutual funds below have the lowest correlation with PHSPX — 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 PHSPX.
Best Diversifiers for PHSPX
4 mutual funds have low correlation with PHSPX (below 0.3), 1 of which are negatively correlated. The least correlated is PIMCO Commodity Real Return Strategy Fund (PCRIX) (Commodities) with a 1Y correlation of -0.21, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | -0.21 | 0.07 | 0.17 | 75 | Commodities | PHSPX vs PCRIX | |
| Cliffwater Corporate Lending Fund | 0.05 | 0.08 | 0.10 | 100 | High Yield Bonds | PHSPX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.07 | 0.07 | 0.06 | 100 | High Yield Bonds | PHSPX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.23 | 0.19 | 0.28 | 100 | High Yield Bonds | PHSPX vs RPHIX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.47 | 0.68 | 0.82 | 71 | High Yield Bonds | PHSPX vs FHYSX |
See all 20 diversifiers for PHSPX
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