Looking to diversify beyond POAAX? The mutual funds below have the lowest correlation with POAAX — 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 POAAX.
Best Diversifiers for POAAX
3 mutual funds have low correlation with POAAX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.17, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.17 | 0.05 | 0.16 | 60 | Diversified Portfolio | POAAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.15 | 0.39 | 67 | Diversified Portfolio | POAAX vs MHELX | |
| Pacific Funds Ultra Short Income | 0.19 | 0.22 | 0.26 | 99 | Ultrashort Bond | POAAX vs PLUIX | |
| Pacific Funds Floating Rate Income | 0.31 | 0.33 | 0.33 | 85 | Bank Loan | POAAX vs PLFRX | |
| Concorde Wealth Management Fund | 0.36 | 0.53 | 0.58 | 73 | Diversified Portfolio | POAAX vs CONWX |
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