Looking to diversify beyond PZIEX? The mutual funds below have historically moved differently from PZIEX, 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 PZIEX
2 mutual funds have low correlation with PZIEX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.09, down from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.09 | 0.29 | 0.40 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | PZIEX vs GSIYX | |
| The Cook & Bynum Fund | 0.15 | 0.26 | 0.30 | 66 | Emerging Markets Equities | PZIEX vs COBYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.33 | 0.50 | 0.58 | 92 | Emerging Markets Equities | PZIEX vs ESCIX | |
| Fidelity Emerging Markets K | 0.43 | 0.54 | 0.58 | 51 | Emerging Markets Equities | PZIEX vs FKEMX | |
| Fidelity Emerging Markets Fund | 0.44 | 0.54 | 0.59 | 52 | Emerging Markets Equities | PZIEX vs FEMKX |
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