Looking to diversify beyond POAGX? The mutual funds below have the lowest correlation with POAGX — 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 POAGX.
Best Diversifiers for POAGX
2 mutual funds have low correlation with POAGX (below 0.3), 2 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.07, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.07 | 0.18 | 0.28 | 62 | Energy Equities | POAGX vs FSENX | |
| Voya Corporate Leaders Trust Fund | -0.04 | 0.24 | 0.37 | 70 | Large Cap Value Equities | POAGX vs LEXCX | |
| T. Rowe Price Health Sciences Fund | 0.47 | 0.61 | 0.71 | 59 | Health & Biotech Equities | POAGX vs PRHSX | |
| Vanguard Wellesley Income Fund Investor Shares | 0.50 | 0.55 | 0.56 | 53 | Diversified Portfolio | POAGX vs VWINX | |
| T. Rowe Price Equity Income Fund | 0.56 | 0.63 | 0.68 | 81 | Large Cap Value Equities | POAGX vs PRFDX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from POAGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to POAGX and solid risk/return profiles. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of -0.12, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | -0.12 | 0.09 | 0.23 | 74 | Real Estate | |
| NextEra Energy, Inc. | 0.07 | 0.15 | 0.25 | 73 | Utilities | |
| Apple Inc | 0.32 | 0.40 | 0.54 | 91 | Technology | |
| Amazon.com, Inc | 0.41 | 0.51 | 0.60 | 54 | Consumer Cyclical | |
| Alphabet Inc. Class A | 0.47 | 0.48 | 0.58 | 96 | Communication Services |
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