Looking to diversify beyond PVFIX? The mutual funds below have the lowest correlation with PVFIX — 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 PVFIX.
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 -0.05, down from 0.39 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 | 0.12 | 0.39 | 63 | Diversified Portfolio | PVFIX vs MHELX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.05 | 0.12 | 0.24 | 76 | Diversified Portfolio | PVFIX vs SIFAX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.35 | 0.31 | 0.33 | 99 | Diversified Portfolio | PVFIX vs STDAX | |
| Chartwell Income Fund | 0.36 | 0.36 | 0.41 | 89 | Diversified Portfolio | PVFIX vs BERIX | |
| PGIM Real Assets Fund | 0.38 | 0.49 | 0.58 | 90 | Diversified Portfolio | PVFIX vs PUDZX |
See all 28 diversifiers for PVFIX
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