Looking to diversify beyond PHYZX? The mutual funds below have the lowest correlation with PHYZX — 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 PHYZX.
Best Diversifiers for PHYZX
4 mutual funds have low correlation with PHYZX (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 | 0.07 | 0.10 | 100 | High Yield Bonds | PHYZX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.10 | 0.09 | 0.06 | 100 | High Yield Bonds | PHYZX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.20 | 0.20 | 0.25 | 100 | High Yield Bonds | PHYZX vs RPHIX | |
| Federated Hermes Strategic Value Dividend Fund | 0.24 | 0.35 | 0.36 | 80 | Large Cap Value Equities | PHYZX vs SVAIX | |
| T. Rowe Price Floating Rate Fund | 0.32 | 0.39 | 0.49 | 96 | High Yield Bonds | PHYZX vs PRFRX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PHYZX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PHYZX and solid risk/return profiles. The least correlated is Shell plc (SHEL) (Energy) with a 1Y correlation of -0.06, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Shell plc | -0.06 | 0.09 | 0.15 | 64 | Energy | |
| Vale S.A. | 0.34 | 0.27 | 0.26 | 89 | Basic Materials | |
| Annaly Capital Management, Inc. | 0.43 | 0.46 | 0.44 | 81 | Real Estate | |
| AGNC Investment Corp. | 0.44 | 0.46 | 0.42 | 77 | Real Estate |
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