Looking to diversify beyond PBRNX? The mutual funds below have the lowest correlation with PBRNX — 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 PBRNX.
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 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | 0.04 | 0.18 | 0.25 | 53 | Commodities | PBRNX vs PCRIX | |
| PIMCO RAE US Small Fund | 0.66 | 0.65 | 0.66 | 76 | Small Cap Value Equities | PBRNX vs PMJIX | |
| PIMCO Income Fund Institutional Class | 0.69 | 0.70 | 0.72 | 51 | Multisector Bonds | PBRNX vs PIMIX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.81 | 0.79 | 0.82 | 78 | Target Retirement Date | PBRNX vs DRILX | |
| Dimensional 2055 Target Date Retirement Income Fun... | 0.81 | 0.78 | 0.82 | 77 | Target Retirement Date | PBRNX vs DRIKX |
See all 66 diversifiers for PBRNX
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