Looking to diversify beyond PZVEX? The mutual funds below have historically moved differently from PZVEX, 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 PZVEX
2 mutual funds have low correlation with PZVEX (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 0.10, 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... | 0.10 | 0.29 | 0.40 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | PZVEX vs GSIYX | |
| The Cook & Bynum Fund | 0.16 | 0.26 | 0.31 | 66 | Emerging Markets Equities | PZVEX vs COBYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.33 | 0.49 | 0.58 | 92 | Emerging Markets Equities | PZVEX vs ESCIX | |
| Fidelity Series Emerging Markets Fund | 0.47 | 0.61 | 0.64 | 71 | Emerging Markets Equities | PZVEX vs FHKFX | |
| Fidelity Series Emerging Markets Opportunities Fun... | 0.48 | 0.61 | 0.65 | 75 | Emerging Markets Equities | PZVEX vs FEMSX |
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