Looking to diversify beyond PAIPX? The mutual funds below have historically moved differently from PAIPX, 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 PAIPX
29 mutual funds have low correlation with PAIPX (below 0.3), 14 of which are negatively correlated. The least correlated is Tactical Multi-Purpose Fund (TMPFX) (Ultrashort Bond) with a 1Y correlation of -0.14, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | -0.14 | 0.02 | 0.02 | 100 | Ultrashort Bond | PAIPX vs TMPFX | |
| SEI Institutional Investments Trust Opportunistic ... | -0.09 | -0.01 | 0.04 | 100 | Ultrashort Bond | PAIPX vs ENIAX | |
| PIMCO RAE US Small Fund | -0.08 | -0.03 | -0.05 | 86 | Small Cap Value Equities | PAIPX vs PMJIX | |
| PIMCO Commodity Real Return Strategy Fund | -0.07 | 0.01 | 0.00 | 69 | Commodities | PAIPX vs PCRIX | |
| DFA One Year Fixed Income Portfolio | -0.05 | 0.01 | 0.05 | 100 | Ultrashort Bond | PAIPX vs DFIHX |
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