Looking to diversify beyond POAAX? The mutual funds below have historically moved differently from POAAX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 -0.23, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.23 | 0.03 | 0.15 | 83 | Diversified Portfolio | POAAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.14 | 0.38 | 66 | Diversified Portfolio | POAAX vs MHELX | |
| Pacific Funds Ultra Short Income | 0.19 | 0.22 | 0.27 | 99 | Ultrashort Bond | POAAX vs PLUIX | |
| Pacific Funds Floating Rate Income | 0.33 | 0.33 | 0.33 | 89 | Bank Loan | POAAX vs PLFRX | |
| Concorde Wealth Management Fund | 0.33 | 0.51 | 0.57 | 83 | Diversified Portfolio | POAAX vs CONWX |
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