Looking to diversify beyond PMFKX? The mutual funds below have the lowest correlation with PMFKX — 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 PMFKX.
Best Diversifiers for PMFKX
5 mutual funds have low correlation with PMFKX (below 0.3), 0 of which are negatively correlated. The least correlated is Victory Pioneer Cat Bond Fund Class Y (CBYYX) (Nontraditional Bonds) with a 1Y correlation of 0.03, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | 0.03 | 0.02 | 0.02 | 100 | Nontraditional Bonds | PMFKX vs CBYYX | |
| MH Elite Small Cap Fund of Funds Fund | 0.21 | 0.30 | 0.45 | 67 | Diversified Portfolio | PMFKX vs MHELX | |
| Fidelity Advisor Blue Chip Growth Fund Class Z | 0.28 | — | — | 73 | Diversified Portfolio | PMFKX vs FBCKX | |
| AQR Long-Short Equity Fund | 0.29 | 0.28 | 0.36 | 53 | Long-Short | PMFKX vs QLEIX | |
| USAA Nasdaq 100 Index Fund | 0.30 | 0.25 | 0.33 | 69 | Nasdaq-100, Large Cap Growth Equities | PMFKX vs USNQX |
See all 51 diversifiers for PMFKX
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