Looking to diversify beyond PHYQX? The mutual funds below have the lowest correlation with PHYQX — 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 PHYQX.
Best Diversifiers for PHYQX
11 mutual funds have low correlation with PHYQX (below 0.3), 1 of which are negatively correlated. The least correlated is PGIM Quant Solutions Commodity Strategies Fund (PQCMX) (Commodities) with a 1Y correlation of -0.28, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Quant Solutions Commodity Strategies Fund | -0.28 | -0.01 | 0.12 | 77 | Commodities | PHYQX vs PQCMX | |
| Cliffwater Corporate Lending Fund | 0.03 | 0.07 | 0.10 | 100 | High Yield Bonds | PHYQX vs CCLFX | |
| DFA One Year Fixed Income Portfolio | 0.05 | 0.03 | 0.13 | 99 | Ultrashort Bond | PHYQX vs DFIHX | |
| Pioneer ILS Interval Fund | 0.09 | 0.11 | 0.07 | 100 | High Yield Bonds | PHYQX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.18 | 0.19 | 0.24 | 100 | High Yield Bonds | PHYQX vs RPHIX |
See all 95 diversifiers for PHYQX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PHYQX
Add PHYQX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PHYQX