Looking to diversify beyond PMAQX? The mutual funds below have the lowest correlation with PMAQX — 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 PMAQX.
Best Diversifiers for PMAQX
0 mutual funds have low correlation with PMAQX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Emerging Markets Value Portfolio (DFEVX) (Emerging Markets Diversified) with a 1Y correlation of 0.32, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Emerging Markets Value Portfolio | 0.32 | 0.41 | 0.50 | 90 | Emerging Markets Diversified | PMAQX vs DFEVX | |
| JPMorgan Emerging Markets Debt Fund | 0.37 | 0.33 | 0.35 | 77 | Emerging Markets Bonds | PMAQX vs JEMDX | |
| Vanguard Emerging Markets Stock Index Fund Institu... | 0.37 | 0.42 | 0.51 | 53 | Emerging Markets Equities | PMAQX vs VEMIX | |
| Principal Diversified Select Real Asset Fund | 0.43 | 0.57 | 0.65 | 92 | Global Allocation | PMAQX vs PDSYX | |
| American Funds New World Fund Class F-3 | 0.45 | 0.58 | 0.70 | 62 | Emerging Markets Diversified | PMAQX vs FNWFX |
See all 40 diversifiers for PMAQX
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