Looking to diversify beyond PLFRX? The mutual funds below have the lowest correlation with PLFRX — 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 PLFRX.
Best Diversifiers for PLFRX
7 mutual funds have low correlation with PLFRX (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 -0.08, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.08 | 0.02 | 0.11 | 80 | Bank Loan | PLFRX vs XPTFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.13 | 0.10 | 0.10 | 98 | Bank Loan | PLFRX vs CAPIX | |
| Pacific Funds Short Duration Income | 0.17 | 0.16 | 0.21 | 93 | Short-Term Bond | PLFRX vs PLSDX | |
| River Canyon Total Return Bond Fund | 0.17 | 0.17 | 0.20 | 74 | Short-Term Bond | PLFRX vs RCTIX | |
| RiverPark Floating Rate CMBS Fund | 0.20 | 0.13 | 0.16 | 100 | Bank Loan | PLFRX vs RCRIX |
See all 42 diversifiers for PLFRX
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