Looking to diversify beyond PAIIX? The mutual funds below have the lowest correlation with PAIIX — 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 PAIIX.
Best Diversifiers for PAIIX
3 mutual funds have low correlation with PAIIX (below 0.3), 3 of which are negatively correlated. The least correlated is PIMCO CommoditiesPLUS Strategy Fund (PCLAX) (Commodities) with a 1Y correlation of -0.40, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO CommoditiesPLUS Strategy Fund | -0.40 | -0.13 | -0.06 | 74 | Commodities | PAIIX vs PCLAX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.39 | -0.13 | -0.05 | 75 | Commodities | PAIIX vs PCLIX | |
| PIMCO Commodity Real Return Strategy Fund | -0.19 | 0.05 | 0.09 | 75 | Commodities | PAIIX vs PCRIX | |
| JPMorgan Equity Income Fund R6 | 0.34 | 0.24 | 0.19 | 65 | Large Cap Value Equities, Dividend | PAIIX vs OIEJX | |
| Destinations Global Fixed Income Opportunities Fun... | 0.34 | 0.44 | 0.44 | 98 | Global Bonds | PAIIX vs DGFFX |
See all 16 diversifiers for PAIIX
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