Looking to diversify beyond POBAX? The mutual funds below have historically moved differently from POBAX, 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 POBAX
3 mutual funds have low correlation with POBAX (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 0.13 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 | 0.00 | 0.13 | 83 | Diversified Portfolio | POBAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.15 | 0.46 | 66 | Diversified Portfolio | POBAX vs MHELX | |
| Pacific Funds Ultra Short Income | 0.18 | 0.17 | 0.20 | 99 | Ultrashort Bond | POBAX vs PLUIX | |
| Pacific Funds Floating Rate Income | 0.34 | 0.35 | 0.35 | 89 | Bank Loan | POBAX vs PLFRX | |
| Concorde Wealth Management Fund | 0.36 | 0.59 | 0.67 | 83 | Diversified Portfolio | POBAX vs CONWX |
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