Looking to diversify beyond XPTFX? The mutual funds below have historically moved differently from XPTFX, 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 XPTFX
41 mutual funds have low correlation with XPTFX (below 0.3), 37 of which are negatively correlated. The least correlated is Payden Floating Rate Fund (PYFRX) (Bank Loan) with a 1Y correlation of -0.19, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Payden Floating Rate Fund | -0.19 | -0.05 | 0.08 | 98 | Bank Loan | XPTFX vs PYFRX | |
| Virtus Newfleet Senior Floating Rate Fund | -0.17 | -0.05 | 0.06 | 87 | Bank Loan | XPTFX vs PSFIX | |
| Lord Abbett Floating Rate Fund Class A | -0.16 | -0.02 | 0.08 | 92 | Bank Loan | XPTFX vs LFRAX | |
| BlackRock Credit Strategies Fund | -0.16 | -0.06 | 0.03 | 68 | Bank Loan | XPTFX vs CREDX | |
| T. Rowe Price Institutional Floating Rate Fund Cla... | -0.16 | -0.01 | 0.09 | 72 | Bank Loan | XPTFX vs PFFRX |
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