Looking to diversify beyond PXQSX? The mutual funds below have historically moved differently from PXQSX, 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 PXQSX
3 mutual funds have low correlation with PXQSX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT Small Cap Growth Fund (QISGX) (Small Cap Growth Equities) with a 1Y correlation of 0.09, down from 0.67 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Small Cap Growth Fund | 0.09 | 0.48 | 0.67 | 71 | Small Cap Growth Equities | PXQSX vs QISGX | |
| Virtus Seix Floating Rate High Income Fund | 0.12 | 0.22 | 0.26 | 98 | Bank Loan | PXQSX vs SAMBX | |
| The Merger Fund | 0.26 | 0.29 | 0.35 | 96 | Event Driven | PXQSX vs MERFX | |
| Driehaus Micro Cap Growth Fund | 0.40 | 0.61 | 0.69 | 82 | Small Cap Growth Equities | PXQSX vs DMCRX | |
| Oberweis Small-Cap Opportunities Fund | 0.40 | 0.64 | 0.74 | 66 | Small Cap Growth Equities | PXQSX vs OBSOX |
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