Looking to diversify beyond PBPNX? The mutual funds below have historically moved differently from PBPNX, 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 PBPNX
1 mutual funds have low correlation with PBPNX (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO Commodity Real Return Strategy Fund (PCRIX) (Commodities) with a 1Y correlation of 0.03, down from 0.24 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 | 0.03 | 0.16 | 0.24 | 70 | Commodities | PBPNX vs PCRIX | |
| PIMCO RAE US Small Fund | 0.70 | 0.72 | 0.73 | 85 | Small Cap Value Equities | PBPNX vs PMJIX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.88 | 0.87 | 0.91 | 78 | Target Retirement Date | PBPNX vs DRILX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.88 | 0.87 | 0.90 | 78 | Target Retirement Date | PBPNX vs DTDRX | |
| Dimensional Retirement Income Fund | 0.88 | 0.90 | 0.86 | 82 | Target Retirement Date | PBPNX vs TDIFX |
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