Looking to diversify beyond PHSWX? The mutual funds below have the lowest correlation with PHSWX — 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 PHSWX.
Best Diversifiers for PHSWX
7 mutual funds have low correlation with PHSWX (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Institutional Shares (VMNIX) (Long-Short) with a 1Y correlation of -0.13, roughly unchanged from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Institutional Shares | -0.13 | -0.16 | -0.10 | 64 | Long-Short | PHSWX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | -0.11 | -0.15 | -0.10 | 63 | Long-Short | PHSWX vs VMNFX | |
| Knights of Columbus Long/Short Equity Fund | 0.07 | 0.14 | 0.19 | 63 | Long-Short | PHSWX vs KCEIX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.13 | 0.02 | 0.03 | 91 | Long-Short | PHSWX vs BDMIX | |
| AQR Long-Short Equity N | 0.15 | 0.11 | 0.18 | 58 | Long-Short | PHSWX vs QLENX |
See all 20 diversifiers for PHSWX
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