Looking to diversify beyond PHYZX? The mutual funds below have historically moved differently from PHYZX, 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 PHYZX
7 mutual funds have low correlation with PHYZX (below 0.3), 1 of which are negatively correlated. The least correlated is Fairholme Focused Income Fund (FOCIX) (High Yield Bonds) with a 1Y correlation of -0.02, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fairholme Focused Income Fund | -0.02 | 0.17 | 0.30 | 73 | High Yield Bonds | PHYZX vs FOCIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.09 | 0.06 | 0.11 | 100 | Bank Loan, High Yield Bonds | PHYZX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.09 | 0.09 | 0.06 | 100 | High Yield Bonds | PHYZX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.19 | 0.22 | 0.24 | 100 | High Yield Bonds | PHYZX vs RPHIX | |
| Federated Hermes Strategic Value Dividend Fund | 0.21 | 0.32 | 0.36 | 94 | Large Cap Value Equities | PHYZX vs SVAIX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PHYZX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Shell plc (SHEL) (Energy) with a 1Y correlation of -0.08, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Shell plc | -0.08 | 0.06 | 0.14 | 80 | Energy | |
| Berkshire Hathaway Inc. | 0.17 | 0.20 | 0.28 | 61 | Financial Services | |
| Vale S.A. | 0.36 | 0.27 | 0.26 | 89 | Basic Materials | |
| Annaly Capital Management, Inc. | 0.44 | 0.46 | 0.45 | 80 | Real Estate | |
| AGNC Investment Corp. | 0.49 | 0.47 | 0.44 | 79 | Real Estate |
Build a portfolio that complements PHYZX
Add PHYZX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PHYZX