Looking to diversify beyond PXSGX? The mutual funds below have historically moved differently from PXSGX, 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 PXSGX
10 mutual funds have low correlation with PXSGX (below 0.3), 1 of which are negatively correlated. The least correlated is Virtus Duff & Phelps Select MLP and Energy Fund (VLPIX) (Energy Equities) with a 1Y correlation of -0.00, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Duff & Phelps Select MLP and Energy Fund | -0.00 | 0.26 | 0.38 | 70 | Energy Equities | PXSGX vs VLPIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.09 | 0.16 | 0.03 | 52 | Systematic Trend | PXSGX vs ASFYX | |
| Virtus Seix Floating Rate High Income Fund | 0.15 | 0.20 | 0.26 | 97 | Bank Loan | PXSGX vs SAMBX | |
| Fidelity Select Semiconductors Portfolio | 0.18 | 0.36 | 0.53 | 82 | Semiconductors, Technology Equities | PXSGX vs FSELX | |
| Virtus Newfleet Senior Floating Rate Fund | 0.19 | 0.22 | 0.25 | 85 | Bank Loan | PXSGX vs PSFIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PXSGX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.29, down from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.29 | 0.42 | 0.46 | 66 | Financial Services |
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