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
0 mutual funds have low correlation with PAIIX (below 0.3), 0 of which are negatively correlated. The least correlated is Destinations Global Fixed Income Opportunities Fund (DGFFX) (Global Bonds) with a 1Y correlation of 0.37, roughly unchanged from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Destinations Global Fixed Income Opportunities Fun... | 0.37 | 0.45 | 0.45 | 98 | Global Bonds | PAIIX vs DGFFX | |
| PIMCO RAE US Small Fund | 0.38 | 0.30 | 0.22 | 67 | Small Cap Value Equities | PAIIX vs PMJIX | |
| Fidelity Advisor Emerging Markets Discovery Fund C... | 0.38 | 0.31 | 0.27 | 82 | Emerging Markets Equities | PAIIX vs FIQGX | |
| Fidelity Large Cap Stock Fund | 0.39 | 0.27 | 0.20 | 61 | Large Cap Blend Equities | PAIIX vs FLCSX | |
| JPMorgan Equity Income Fund R6 | 0.42 | 0.28 | 0.22 | 72 | Large Cap Value Equities, Dividend | PAIIX vs OIEJX |
See all 13 diversifiers for PAIIX
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