Looking to diversify beyond PPFIX? The mutual funds below have the lowest correlation with PPFIX — 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 PPFIX.
Best Diversifiers for PPFIX
16 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 0.09, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Gateway Fund Class Y Shares | 0.09 | 0.14 | 0.17 | 70 | Options Trading | PPFIX vs GTEYX | |
| Gateway Fund | 0.09 | 0.14 | 0.17 | 68 | Options Trading | PPFIX vs GATEX | |
| Gateway Equity Call Premium Fund | 0.13 | 0.16 | 0.19 | 84 | Options Trading | PPFIX vs GCPYX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.13 | 0.12 | 0.12 | 62 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | PPFIX vs QQQX | |
| MAI Managed Volatility Fund | 0.14 | 0.16 | 0.19 | 89 | Options Trading | PPFIX vs MAIPX |
See all 16 diversifiers for PPFIX
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Diversification Analysis
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