Looking to diversify beyond POBAX? The mutual funds below have the lowest correlation with POBAX — 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 POBAX.
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 -0.18, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.18 | 0.03 | 0.14 | 58 | Diversified Portfolio | POBAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.16 | 0.47 | 69 | Diversified Portfolio | POBAX vs MHELX | |
| Pacific Funds Ultra Short Income | 0.17 | 0.18 | 0.20 | 99 | Ultrashort Bond | POBAX vs PLUIX | |
| Pacific Funds Floating Rate Income | 0.33 | 0.35 | 0.34 | 84 | Bank Loan | POBAX vs PLFRX | |
| Concorde Wealth Management Fund | 0.38 | 0.60 | 0.67 | 71 | Diversified Portfolio | POBAX vs CONWX |
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