Looking to diversify beyond POEAX? The mutual funds below have the lowest correlation with POEAX — 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 POEAX.
Best Diversifiers for POEAX
2 mutual funds have low correlation with POEAX (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 0.05, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.18 | 0.53 | 67 | Diversified Portfolio | POEAX vs MHELX | |
| Pacific Funds Ultra Short Income | 0.14 | 0.11 | 0.11 | 99 | Ultrashort Bond | POEAX vs PLUIX | |
| Pacific Funds Short Duration Income | 0.32 | 0.24 | 0.25 | 92 | Short-Term Bond | POEAX vs PLSDX | |
| Pacific Funds Floating Rate Income | 0.37 | 0.35 | 0.33 | 82 | Bank Loan | POEAX vs PLFRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.56 | 0.61 | 82 | Diversified Portfolio | POEAX vs FCSRX |
See all 35 diversifiers for POEAX
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