Looking to diversify beyond PBBBX? The mutual funds below have historically moved differently from PBBBX, 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 PBBBX
0 mutual funds have low correlation with PBBBX (below 0.3), 0 of which are negatively correlated. The least correlated is Miller Intermediate Bond Fund (MIFIX) (Corporate Bonds) with a 1Y correlation of 0.43, up from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Miller Intermediate Bond Fund | 0.43 | 0.34 | 0.28 | 95 | Corporate Bonds | PBBBX vs MIFIX | |
| PIA Short Term Securities Fund | 0.50 | 0.62 | 0.59 | 97 | Ultrashort Bond | PBBBX vs PIASX | |
| Vanguard Short-Term Corporate Bond Index Fund Inst... | 0.78 | 0.84 | 0.84 | 86 | Corporate Bonds | PBBBX vs VSTBX | |
| Vanguard Short-Term Corporate Bond Index Fund Admi... | 0.80 | 0.83 | 0.84 | 84 | Short-Term Bond, Corporate Bonds, Investment Grade Bonds | PBBBX vs VSCSX |
Diversification Analysis
Build a portfolio that complements PBBBX
Add PBBBX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PBBBX