Looking to diversify beyond PVFIX? The mutual funds below have historically moved differently from PVFIX, 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 PVFIX
2 mutual funds have low correlation with PVFIX (below 0.3), 1 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 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.04 | 0.08 | 0.37 | 66 | Diversified Portfolio | PVFIX vs MHELX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.01 | 0.09 | 0.22 | 83 | Diversified Portfolio | PVFIX vs SIFAX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.33 | 0.30 | 0.33 | 99 | Diversified Portfolio | PVFIX vs STDAX | |
| Fidelity Strategic Real Return Fund | 0.37 | 0.45 | 0.54 | 95 | Diversified Portfolio | PVFIX vs FSRRX | |
| Chartwell Income Fund | 0.37 | 0.34 | 0.41 | 81 | Diversified Portfolio | PVFIX vs BERIX |
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