Looking to diversify beyond PXSGX? The mutual funds below have the lowest correlation with PXSGX — 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 PXSGX.
Best Diversifiers for PXSGX
12 mutual funds have low correlation with PXSGX (below 0.3), 0 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 0.04, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Duff & Phelps Select MLP and Energy Fund | 0.04 | 0.30 | 0.40 | 70 | Energy Equities | PXSGX vs VLPIX | |
| Virtus Seix Floating Rate High Income Fund | 0.12 | 0.22 | 0.26 | 97 | Bank Loan | PXSGX vs SAMBX | |
| Virtus Stone Harbor Emerging Markets Income Fund | 0.16 | 0.22 | 0.29 | 54 | Emerging Markets Bonds | PXSGX vs EDF | |
| Virtus Newfleet Tax-Exempt Bond Fund | 0.17 | 0.13 | 0.12 | 71 | Municipal Bonds | PXSGX vs HXBIX | |
| Virtus Seix U.S. Government Securities Ultra-Short... | 0.20 | 0.09 | 0.10 | 98 | Ultrashort Bond | PXSGX vs SIGVX |
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