Looking to diversify beyond PISHX? The mutual funds below have historically moved differently from PISHX, 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 PISHX
3 mutual funds have low correlation with PISHX (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers Real Assets Fund Inc (RAPZX) (Global Allocation) with a 1Y correlation of 0.15, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Real Assets Fund Inc | 0.15 | 0.28 | 0.32 | 65 | Global Allocation | PISHX vs RAPZX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.18 | 0.30 | 0.33 | 79 | Infrastructure Equities, Global Equities | PISHX vs CSUAX | |
| Cohen & Steers Global Infrastructure Fund, Inc. | 0.19 | 0.30 | 0.33 | 80 | Infrastructure Equities, Energy Equities | PISHX vs CSUIX | |
| Fidelity Advisor Convertible Securities Fund Class... | 0.34 | 0.35 | 0.38 | 54 | Convertible Bonds | PISHX vs FIQVX | |
| Fidelity Advisor Convertible Securities Fund Class... | 0.35 | 0.35 | 0.38 | 53 | Convertible Bonds | PISHX vs FICVX |
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