Looking to diversify beyond PPFIX? The mutual funds below have historically moved differently from PPFIX, 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 PPFIX
17 mutual funds have low correlation with PPFIX (below 0.3), 0 of which are negatively correlated. The least correlated is Gateway Fund Class Y Shares (GTEYX) (Options Trading) with a 1Y correlation of 0.12, roughly unchanged from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Gateway Fund Class Y Shares | 0.12 | 0.15 | 0.16 | 64 | Options Trading | PPFIX vs GTEYX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.13 | 0.12 | 0.12 | 58 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | PPFIX vs QQQX | |
| Gateway Fund | 0.13 | 0.15 | 0.16 | 62 | Options Trading | PPFIX vs GATEX | |
| MAI Managed Volatility Fund | 0.13 | 0.16 | 0.18 | 93 | Options Trading | PPFIX vs MAIPX | |
| Columbia Seligman Premium Technology Growth Fund | 0.14 | 0.14 | 0.13 | 88 | Technology Equities, Options Trading, Actively Managed | PPFIX vs STK |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PPFIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is PIMCO Dynamic Income Opportunities Fund (PDO) (Financial Services) with a 1Y correlation of 0.07, roughly unchanged from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PIMCO Dynamic Income Opportunities Fund | 0.07 | 0.05 | 0.05 | 65 | Financial Services |
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