Looking to diversify beyond PBDCX? The mutual funds below have historically moved differently from PBDCX, 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 PBDCX
1 mutual funds have low correlation with PBDCX (below 0.3), 1 of which are negatively correlated. The least correlated is PIMCO Commodity Real Return Strategy Fund (PCRIX) (Commodities) with a 1Y correlation of -0.24, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | -0.24 | 0.00 | 0.06 | 69 | Commodities | PBDCX vs PCRIX | |
| PIMCO RAE US Small Fund | 0.37 | 0.27 | 0.17 | 86 | Small Cap Value Equities | PBDCX vs PMJIX | |
| Miller Intermediate Bond Fund | 0.44 | 0.34 | 0.30 | 95 | Corporate Bonds | PBDCX vs MIFIX | |
| Vanguard Short-Term Corporate Bond Index Fund Inst... | 0.85 | 0.87 | 0.87 | 86 | Corporate Bonds | PBDCX vs VSTBX | |
| Vanguard Short-Term Corporate Bond Index Fund Admi... | 0.87 | 0.87 | 0.86 | 84 | Short-Term Bond, Corporate Bonds, Investment Grade Bonds | PBDCX vs VSCSX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PBDCX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Cohen & Steers Infrastructure Fund, Inc (UTF) (Financial Services) with a 1Y correlation of 0.19, roughly unchanged from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cohen & Steers Infrastructure Fund, Inc | 0.19 | 0.27 | 0.24 | 74 | Financial Services |
Build a portfolio that complements PBDCX
Add PBDCX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PBDCX