Looking to diversify beyond PXSCX? The mutual funds below have historically moved differently from PXSCX, 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 PXSCX
0 mutual funds have low correlation with PXSCX (below 0.3), 0 of which are negatively correlated. The least correlated is Pax High Yield Bond Fund (PAXHX) (High Yield Bonds) with a 1Y correlation of 0.54, roughly unchanged from 0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pax High Yield Bond Fund | 0.54 | 0.52 | 0.51 | 70 | High Yield Bonds | PXSCX vs PAXHX | |
| DFA International Small Company Portfolio | 0.64 | 0.65 | 0.69 | 60 | Foreign Small & Mid Cap Equities, Small Cap Blend Equities | PXSCX vs DFISX | |
| Auer Growth Fund | 0.64 | 0.72 | 0.75 | 91 | Small Cap Blend Equities | PXSCX vs AUERX | |
| Hennessy Cornerstone Growth Fund | 0.64 | 0.77 | 0.75 | 53 | Small Cap Blend Equities | PXSCX vs HFCGX | |
| Fidelity 500 Index Fund | 0.75 | 0.76 | 0.82 | 64 | S&P 500 | PXSCX vs FXAIX |
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