Looking to diversify beyond PBAIX? The mutual funds below have historically moved differently from PBAIX, 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 PBAIX
63 mutual funds have low correlation with PBAIX (below 0.3), 25 of which are negatively correlated. The least correlated is Goldman Sachs TacticalTiltOverlayFund (TTIFX) (Tactical Allocation) with a 1Y correlation of -0.23, down from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs TacticalTiltOverlayFund | -0.23 | -0.07 | -0.05 | 72 | Tactical Allocation | PBAIX vs TTIFX | |
| BlackRock Strategic Income Opportunities Fund Clas... | -0.19 | -0.08 | -0.08 | 64 | Total Bond Market | PBAIX vs BSIIX | |
| SEI Institutional Managed Trust Multi-Asset Income... | -0.17 | 0.00 | -0.02 | 94 | Tactical Allocation | PBAIX vs SIOAX | |
| PIMCO All Asset All Authority Fund | -0.17 | -0.03 | -0.03 | 88 | Tactical Allocation | PBAIX vs PAUIX | |
| Hussman Strategic Total Return Fund | -0.15 | -0.02 | -0.06 | 95 | Tactical Allocation | PBAIX vs HSTRX |
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