Looking to diversify beyond PBMFX? The mutual funds below have the lowest correlation with PBMFX — 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 PBMFX.
Best Diversifiers for PBMFX
21 mutual funds have low correlation with PBMFX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.05, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.05 | 0.16 | 0.19 | 95 | Municipal Bonds | PBMFX vs DCARX | |
| Pioneer ILS Interval Fund | 0.06 | 0.11 | 0.08 | 100 | High Yield Bonds | PBMFX vs XILSX | |
| DFA Municipal Real Return Portfolio | 0.08 | 0.20 | 0.22 | 94 | Municipal Bonds | PBMFX vs DMREX | |
| Pioneer Fund | 0.12 | 0.12 | 0.08 | 54 | Large Cap Blend Equities | PBMFX vs PIODX | |
| DFA Short Term Municipal Bond Portfolio | 0.14 | 0.24 | 0.33 | 99 | Municipal Bonds | PBMFX vs DFSMX |
See all 31 diversifiers for PBMFX
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