Looking to diversify beyond PHYSX? The mutual funds below have the lowest correlation with PHYSX — 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 PHYSX.
Best Diversifiers for PHYSX
6 mutual funds have low correlation with PHYSX (below 0.3), 0 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of 0.00, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 0.00 | -0.01 | 0.02 | 100 | High Yield Bonds | PHYSX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.05 | 0.10 | 0.13 | 100 | High Yield Bonds | PHYSX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.14 | 0.22 | 0.26 | 99 | High Yield Bonds | PHYSX vs RPHIX | |
| PIA Short Term Securities Fund | 0.16 | 0.29 | 0.26 | 97 | Ultrashort Bond | PHYSX vs PIASX | |
| Leader Short Term High Yield Bond Fund | 0.16 | 0.16 | 0.33 | 79 | Short-Term Bond | PHYSX vs LCCMX |
See all 39 diversifiers for PHYSX
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