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
9 mutual funds have low correlation with PHYQX (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of 0.08, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.08 | 0.08 | 0.10 | 100 | High Yield Bonds | PHYQX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.10 | 0.10 | 0.06 | 100 | High Yield Bonds | PHYQX vs XILSX | |
| DFA One Year Fixed Income Portfolio | 0.12 | 0.04 | 0.13 | 99 | Ultrashort Bond | PHYQX vs DFIHX | |
| RiverPark Short Term High Yield Fund | 0.19 | 0.19 | 0.24 | 100 | High Yield Bonds | PHYQX vs RPHIX | |
| PGIM Securitized Credit Fund | 0.23 | 0.12 | 0.22 | 99 | Nontraditional Bonds | PHYQX vs SCFZX |
See all 95 diversifiers for PHYQX
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