Looking to diversify beyond PHSWX? The mutual funds below have historically moved differently from PHSWX, 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 PHSWX
8 mutual funds have low correlation with PHSWX (below 0.3), 3 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Institutional Shares (VMNIX) (Long-Short) with a 1Y correlation of -0.12, roughly unchanged from -0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Institutional Shares | -0.12 | -0.16 | -0.11 | 97 | Long-Short | PHSWX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | -0.11 | -0.16 | -0.11 | 97 | Long-Short | PHSWX vs VMNFX | |
| Federated Hermes MDT Market Neutral A | -0.02 | -0.09 | — | 54 | Long-Short | PHSWX vs QAMNX | |
| Knights of Columbus Long/Short Equity Fund | 0.06 | 0.13 | 0.18 | 96 | Long-Short | PHSWX vs KCEIX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.16 | 0.01 | 0.03 | 97 | Equity Market Neutral | PHSWX vs BDMIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PHSWX
Add PHSWX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PHSWX