Looking to diversify beyond PBXIX? The mutual funds below have the lowest correlation with PBXIX — 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 PBXIX.
Best Diversifiers for PBXIX
1 mutual funds have low correlation with PBXIX (below 0.3), 0 of which are negatively correlated. The least correlated is Rational Special Situations Income Fund (RFXIX) (Multisector Bonds) with a 1Y correlation of 0.18, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rational Special Situations Income Fund | 0.18 | 0.17 | 0.12 | 97 | Multisector Bonds | PBXIX vs RFXIX | |
| Rational/ReSolve Adaptive Asset Allocation Fund | 0.40 | 0.21 | 0.23 | 72 | Macro Trading | PBXIX vs RDMIX | |
| Rational Tactical Return Fund | 0.45 | 0.33 | 0.23 | 82 | Options Trading | PBXIX vs HRSTX | |
| Calamos Convertible Opportunities and Income Fund | 0.58 | 0.55 | 0.58 | 73 | Convertible Bonds | PBXIX vs CHI | |
| Calamos Convertible and High Income Closed Fund | 0.62 | 0.60 | 0.62 | 82 | Convertible Bonds | PBXIX vs CHY |
See all 17 diversifiers for PBXIX
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