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
4 mutual funds have low correlation with PMFKX (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | 0.06 | — | — | 100 | Nontraditional Bonds | PMFKX vs CBYYX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.09 | 0.27 | 0.37 | 76 | Diversified Portfolio | PMFKX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.19 | 0.31 | 0.46 | 63 | Diversified Portfolio | PMFKX vs MHELX | |
| AQR Long-Short Equity Fund | 0.29 | 0.29 | 0.37 | 61 | Long-Short | PMFKX vs QLEIX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.31 | 0.32 | 0.39 | 99 | Diversified Portfolio | PMFKX vs STDAX |
See all 48 diversifiers for PMFKX
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