Looking to diversify beyond POAGX? The mutual funds below have historically moved differently from POAGX, 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 POAGX
4 mutual funds have low correlation with POAGX (below 0.3), 3 of which are negatively correlated. The least correlated is BlackRock Energy Opportunities Fund (BACAX) (Energy Equities) with a 1Y correlation of -0.11, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Energy Opportunities Fund | -0.11 | 0.14 | 0.25 | 81 | Energy Equities | POAGX vs BACAX | |
| Voya Corporate Leaders Trust Fund | -0.09 | 0.22 | 0.36 | 93 | Large Cap Value Equities | POAGX vs LEXCX | |
| Fidelity Select Energy Portfolio | -0.07 | 0.17 | 0.27 | 87 | Energy Equities | POAGX vs FSENX | |
| Vanguard Short-Term Bond Index Fund Institutional ... | 0.20 | 0.11 | 0.11 | 56 | Total Bond Market | POAGX vs VBITX | |
| Dodge & Cox Stock Fund Class X | 0.42 | 0.62 | 0.71 | 55 | Large Cap Value Equities, Actively Managed | POAGX vs DOXGX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for POAGX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of -0.14, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | -0.14 | 0.06 | 0.19 | 77 | Real Estate | |
| NextEra Energy, Inc. | 0.05 | 0.14 | 0.25 | 77 | Utilities | |
| Apple Inc | 0.25 | 0.34 | 0.47 | 89 | Technology | |
| Amazon.com, Inc | 0.43 | 0.50 | 0.59 | 60 | Consumer Cyclical | |
| Alphabet Inc. Class A | 0.45 | 0.46 | 0.57 | 95 | Communication Services |
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