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PIMCO Fixed Income SHares: Series R (FXIRX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The investment seeks maximum real return, consistent with preservation of real capital and prudent investment management. The fund normally invests at least 80% of its net assets (plus borrowings made for investment purposes) in a portfolio of U.S. and foreign fixed income instruments including (but not limited to): inflation-indexed bonds issued by both U.S. and non-U.S. governments and corporations, including Treasury Inflation Protected Securities (TIPS); corporate debt securities of U.S. and non-U.S. issuers, including convertible securities and corporate commercial paper; etc.

Looking to diversify beyond FXIRX? The mutual funds below have the lowest correlation with FXIRX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FXIRX.

Best Diversifiers for FXIRX

2 mutual funds have low correlation with FXIRX (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO RAE US Small Fund (PMJIX) (Small Cap Value Equities) with a 1Y correlation of 0.22, roughly unchanged from 0.14 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
PMJIX
PIMCO RAE US Small Fund0.220.230.14
72
Small Cap Value EquitiesFXIRX vs PMJIX
IPBAX
Allspring Real Return Fund0.300.510.64
87
Inflation-Protected BondsFXIRX vs IPBAX
FSTZX
Fidelity Series 0-5 Year Inflation-Protected Bond ...0.490.70—
86
Inflation-Protected BondsFXIRX vs FSTZX
VTAPX
Vanguard Short-Term Inflation-Protected Securities...0.510.730.74
89
Inflation-Protected BondsFXIRX vs VTAPX
RRPAX
SEI Institutional Investments Trust Real Return Fu...0.540.740.75
74
Inflation-Protected BondsFXIRX vs RRPAX
See all 10 diversifiers for FXIRX

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Diversification Analysis

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