Looking to diversify beyond PKSFX? The mutual funds below have the lowest correlation with PKSFX — 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 PKSFX.
Best Diversifiers for PKSFX
12 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 0.08, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Duff & Phelps Select MLP and Energy Fund | 0.08 | 0.34 | 0.46 | 86 | Energy Equities | PKSFX vs VLPIX | |
| Virtus Seix Floating Rate High Income Fund | 0.09 | 0.21 | 0.25 | 97 | Bank Loan | PKSFX vs SAMBX | |
| Virtus Newfleet Tax-Exempt Bond Fund | 0.14 | 0.12 | 0.10 | 76 | Municipal Bonds | PKSFX vs HXBIX | |
| Virtus Stone Harbor Emerging Markets Income Fund | 0.16 | 0.23 | 0.28 | 61 | Emerging Markets Bonds | PKSFX vs EDF | |
| Virtus Newfleet Senior Floating Rate Fund | 0.17 | 0.22 | 0.23 | 88 | Bank Loan | PKSFX vs PSFIX |
See all 42 diversifiers for PKSFX
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