Looking to diversify beyond XILSX? The mutual funds below have historically moved differently from XILSX, 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 XILSX
172 mutual funds have low correlation with XILSX (below 0.3), 48 of which are negatively correlated. The least correlated is T. Rowe Price Floating Rate Fund - Investor Class (PRFRX) (High Yield Bonds) with a 1Y correlation of -0.13, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Floating Rate Fund - Investor Class | -0.13 | 0.02 | 0.03 | 90 | High Yield Bonds | XILSX vs PRFRX | |
| T. Rowe Price Credit Opportunities Fund | -0.13 | -0.02 | 0.02 | 77 | High Yield Bonds | XILSX vs PRCPX | |
| Fairholme Focused Income Fund | -0.11 | 0.02 | 0.00 | 73 | High Yield Bonds | XILSX vs FOCIX | |
| Osterweis Strategic Income Fund | -0.10 | -0.04 | -0.02 | 85 | High Yield Bonds | XILSX vs OSTIX | |
| T. Rowe Price Credit Opportunities Fund, Inc. | -0.09 | 0.00 | 0.03 | 52 | High Yield Bonds | XILSX vs PAOPX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XILSX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Prologis, Inc. (PLD) (Real Estate) with a 1Y correlation of 0.04, roughly unchanged from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Prologis, Inc. | 0.04 | 0.04 | 0.04 | 90 | Real Estate |
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