Looking to diversify beyond PBRNX? The mutual funds below have historically moved differently from PBRNX, 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 PBRNX
1 mutual funds have low correlation with PBRNX (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 0.04, 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 | 0.04 | 0.16 | 0.24 | 65 | Commodities | PBRNX vs PCRIX | |
| PIMCO StocksPLUS International Fund (U.S. Dollar-H... | 0.50 | 0.38 | 0.41 | 51 | Foreign Large Cap Equities | PBRNX vs PISIX | |
| PIMCO Inflation Response Multi-Asset Fund Institut... | 0.62 | 0.66 | 0.66 | 87 | Diversified Portfolio | PBRNX vs PIRMX | |
| PIMCO RAE US Small Fund | 0.66 | 0.65 | 0.66 | 90 | Small Cap Value Equities | PBRNX vs PMJIX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.82 | 0.78 | 0.82 | 79 | Target Retirement Date | PBRNX vs DTDRX |
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