Looking to diversify beyond PKAIX? The mutual funds below have the lowest correlation with PKAIX — 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 PKAIX.
Best Diversifiers for PKAIX
1 mutual funds have low correlation with PKAIX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Equity Income Fund (LEIFX) (Large Cap Value Equities) with a 1Y correlation of 0.10, down from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.10 | 0.51 | 0.71 | 67 | Large Cap Value Equities | PKAIX vs LEIFX | |
| JHancock Infrastructure Fund | 0.36 | 0.48 | 0.58 | 58 | Energy Equities | PKAIX vs JEEIX | |
| Federated Hermes Strategic Value Dividend Fund | 0.38 | 0.50 | 0.63 | 80 | Large Cap Value Equities | PKAIX vs SVAIX | |
| Rational Equity Armor Fund | 0.48 | 0.64 | 0.71 | 56 | Large Cap Value Equities | PKAIX vs HDCTX | |
| UBS US Dividend Ruler Fund | 0.55 | 0.71 | 0.78 | 59 | Large Cap Value Equities | PKAIX vs DVRUX |
See all 205 diversifiers for PKAIX
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