Looking to diversify beyond PODAX? The mutual funds below have the lowest correlation with PODAX — 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 PODAX.
Best Diversifiers for PODAX
2 mutual funds have low correlation with PODAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.04, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.18 | 0.51 | 70 | Diversified Portfolio | PODAX vs MHELX | |
| Pacific Funds Ultra Short Income | 0.16 | 0.11 | 0.12 | 99 | Ultrashort Bond | PODAX vs PLUIX | |
| Pacific Funds Short Duration Income | 0.34 | 0.27 | 0.28 | 90 | Short-Term Bond | PODAX vs PLSDX | |
| Pacific Funds Floating Rate Income | 0.37 | 0.36 | 0.34 | 82 | Bank Loan | PODAX vs PLFRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.58 | 0.62 | 82 | Diversified Portfolio | PODAX vs FCSRX |
See all 35 diversifiers for PODAX
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