Looking to diversify beyond PLFLX? The mutual funds below have the lowest correlation with PLFLX — 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 PLFLX.
Best Diversifiers for PLFLX
3 mutual funds have low correlation with PLFLX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.06, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.06 | 0.02 | 0.12 | 84 | Bank Loan | PLFLX vs XPTFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.15 | — | — | 98 | Bank Loan | PLFLX vs CAPIX | |
| RiverPark Floating Rate CMBS Fund | 0.19 | 0.14 | 0.18 | 100 | Bank Loan | PLFLX vs RCRIX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.41 | 0.52 | 0.64 | 88 | Bank Loan | PLFLX vs RPIFX | |
| Dunham Floating Rate Bond Fund | 0.42 | 0.40 | 0.52 | 85 | Bank Loan | PLFLX vs DAFRX |
See all 14 diversifiers for PLFLX
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