Looking to diversify beyond PBDCX? The mutual funds below have the lowest correlation with PBDCX — 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 PBDCX.
Best Diversifiers for PBDCX
0 mutual funds have low correlation with PBDCX (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO RAE US Small Fund (PMJIX) (Small Cap Value Equities) with a 1Y correlation of 0.35, up from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO RAE US Small Fund | 0.35 | 0.27 | 0.15 | 72 | Small Cap Value Equities | PBDCX vs PMJIX | |
| Miller Intermediate Bond Fund | 0.45 | 0.34 | 0.28 | 91 | Corporate Bonds | PBDCX vs MIFIX | |
| Vanguard Short-Term Corporate Bond Index Fund Inst... | 0.84 | 0.87 | 0.86 | 81 | Corporate Bonds | PBDCX vs VSTBX | |
| Vanguard Short-Term Corporate Bond Index Fund Admi... | 0.86 | 0.87 | 0.86 | 78 | Corporate Bonds | PBDCX vs VSCSX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PBDCX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PBDCX and solid risk/return profiles. The least correlated is Cohen & Steers Infrastructure Fund, Inc (UTF) (Financial Services) with a 1Y correlation of 0.25, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cohen & Steers Infrastructure Fund, Inc | 0.25 | 0.26 | 0.24 | 69 | Financial Services |
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