Looking to diversify beyond PINRX? The mutual funds below have the lowest correlation with PINRX — 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 PINRX.
Best Diversifiers for PINRX
0 mutual funds have low correlation with PINRX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.45, down from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.45 | 0.56 | 0.67 | 63 | Foreign Large Cap Equities | PINRX vs IVFIX | |
| State Street Emerging Markets Equity Index Fund | 0.59 | 0.62 | 0.67 | 81 | Emerging Markets Diversified | PINRX vs SSKEX | |
| SA International Value Fund | 0.62 | 0.64 | 0.71 | 89 | Foreign Large Cap Equities | PINRX vs SAHMX | |
| Victory Integrity Small-Cap Value Fund | 0.65 | 0.65 | 0.69 | 74 | Small Cap Value Equities | PINRX vs VSCVX | |
| Thornburg Global Opportunities Fund | 0.67 | 0.76 | 0.81 | 86 | Foreign Large Cap Equities | PINRX vs THOIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PINRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PINRX and solid risk/return profiles. The least correlated is MetLife, Inc. (MET) (Financial Services) with a 1Y correlation of 0.34, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| MetLife, Inc. | 0.34 | 0.39 | 0.49 | 71 | Financial Services |
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