Looking to diversify beyond PBAIX? The mutual funds below have the lowest correlation with PBAIX — 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 PBAIX.
Best Diversifiers for PBAIX
60 mutual funds have low correlation with PBAIX (below 0.3), 42 of which are negatively correlated. The least correlated is BlackRock Strategic Income Opportunities Fund Class I (BSIIX) (Total Bond Market) with a 1Y correlation of -0.24, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Strategic Income Opportunities Fund Clas... | -0.24 | -0.10 | -0.08 | 64 | Total Bond Market | PBAIX vs BSIIX | |
| Hussman Strategic Total Return Fund | -0.24 | -0.03 | -0.06 | 90 | Tactical Allocation | PBAIX vs HSTRX | |
| American Beacon AHL TargetRisk Fund | -0.18 | 0.07 | 0.03 | 66 | Tactical Allocation | PBAIX vs AHTPX | |
| SEI Institutional Managed Trust Multi-Asset Accumu... | -0.15 | 0.05 | -0.02 | 75 | Tactical Allocation | PBAIX vs SAAAX | |
| PIMCO All Asset All Authority Fund | -0.15 | -0.03 | -0.01 | 77 | Tactical Allocation | PBAIX vs PAUIX |
See all 60 diversifiers for PBAIX
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Diversification Analysis
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