Looking to diversify beyond PKSFX? The mutual funds below have historically moved differently from PKSFX, 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 PKSFX
9 mutual funds have low correlation with PKSFX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Duff & Phelps Select MLP and Energy Fund (VLPIX) (Energy Equities) with a 1Y correlation of 0.04, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Duff & Phelps Select MLP and Energy Fund | 0.04 | 0.32 | 0.45 | 85 | Energy Equities | PKSFX vs VLPIX | |
| Virtus Seix Floating Rate High Income Fund | 0.09 | 0.20 | 0.25 | 98 | Bank Loan | PKSFX vs SAMBX | |
| Virtus Newfleet Senior Floating Rate Fund | 0.16 | 0.21 | 0.23 | 92 | Bank Loan | PKSFX vs PSFIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.18 | 0.19 | 0.08 | 66 | Systematic Trend | PKSFX vs ASFYX | |
| Virtus Seix U.S. Government Securities Ultra-Short... | 0.22 | 0.09 | 0.10 | 98 | Ultrashort Bond | PKSFX vs SIGVX |
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