Looking to diversify beyond PXWEX? The mutual funds below have the lowest correlation with PXWEX — 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 PXWEX.
Best Diversifiers for PXWEX
1 mutual funds have low correlation with PXWEX (below 0.3), 0 of which are negatively correlated. The least correlated is Lord Abbett Short Duration Income Fund (LALDX) (Short-Term Bond) with a 1Y correlation of 0.19, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Short Duration Income Fund | 0.19 | 0.16 | 0.15 | 67 | Short-Term Bond | PXWEX vs LALDX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.54 | 0.65 | 0.73 | 81 | Global Equities | PXWEX vs RTXAX | |
| T. Rowe Price Real Assets Fund | 0.55 | 0.63 | 0.72 | 57 | Global Equities | PXWEX vs PRAFX | |
| Polaris Global Value Fund | 0.56 | 0.67 | 0.75 | 90 | Global Equities | PXWEX vs PGVFX | |
| Artisan Global Equity Fund | 0.62 | 0.73 | 0.81 | 62 | Global Equities | PXWEX vs ARTHX |
See all 26 diversifiers for PXWEX
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