Looking to diversify beyond PWDIX? The mutual funds below have the lowest correlation with PWDIX — 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 PWDIX.
Best Diversifiers for PWDIX
3 mutual funds have low correlation with PWDIX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of 0.05, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | 0.05 | 0.24 | 0.19 | 76 | Tactical Allocation | PWDIX vs PBAIX | |
| Hussman Strategic Total Return Fund | 0.19 | 0.29 | 0.35 | 92 | Tactical Allocation | PWDIX vs HSTRX | |
| AQR Diversifying Strategies Fund Class N | 0.25 | 0.25 | 0.20 | 93 | Tactical Allocation | PWDIX vs QDSNX | |
| Quantified Evolution Plus Fund | 0.31 | 0.40 | 0.34 | 90 | Tactical Allocation | PWDIX vs QEVOX | |
| Potomac Defensive Bull Fund | 0.38 | 0.44 | 0.43 | 94 | Tactical Allocation | PWDIX vs CRDBX |
See all 23 diversifiers for PWDIX
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