Looking to diversify beyond PXWIX? The mutual funds below have historically moved differently from PXWIX, 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 PXWIX
0 mutual funds have low correlation with PXWIX (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 0.61, roughly unchanged from 0.55 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 | 0.61 | 0.56 | 0.55 | 70 | High Yield Bonds | PXWIX vs PAXHX | |
| Pax Small Cap Fund | 0.79 | 0.80 | 0.84 | 85 | Small Cap Blend Equities | PXWIX vs PXSCX | |
| Pax International Sustainable Economy Fund Institu... | 0.84 | 0.82 | 0.84 | 62 | Foreign Large Cap Equities, ESG | PXWIX vs PXNIX | |
| Vanguard Global ESG Select Stock Fund Admiral Shar... | 0.87 | 0.88 | 0.91 | 59 | ESG, Global Equities | PXWIX vs VESGX | |
| Vanguard Global ESG Select Stock Fund Investor Sha... | 0.87 | 0.88 | 0.91 | 58 | ESG, Global Equities | PXWIX vs VEIGX |
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