Looking to diversify beyond PORTX? The mutual funds below have historically moved differently from PORTX, 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 PORTX
5 mutual funds have low correlation with PORTX (below 0.3), 1 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of -0.01, down from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | -0.01 | 0.41 | 0.56 | 68 | Quality Factor, Global Equities | PORTX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.17 | 0.35 | 0.53 | 74 | Infrastructure Equities, Global Equities | PORTX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.21 | 0.41 | 0.60 | 58 | Infrastructure Equities, Global Equities | PORTX vs FGIAX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.23 | 0.22 | 0.31 | 92 | Multistrategy, Systematic Trend, Global Equities | PORTX vs MBXIX | |
| Catalyst/Millburn Hedge Strategy Fund | 0.23 | 0.22 | 0.31 | 92 | Multistrategy, Systematic Trend, Global Equities | PORTX vs MBXAX |
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