Looking to diversify beyond PDGZX? The mutual funds below have historically moved differently from PDGZX, 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 PDGZX
1 mutual funds have low correlation with PDGZX (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 | 69 | Commodities | PDGZX vs PCRIX | |
| PIMCO Income Fund Institutional Class | 0.57 | 0.52 | 0.55 | 52 | Multisector Bonds | PDGZX vs PIMIX | |
| MFS Value Fund | 0.57 | 0.68 | 0.77 | 70 | Large Cap Value Equities | PDGZX vs MEIKX | |
| PIMCO RAE US Small Fund | 0.71 | 0.75 | 0.76 | 86 | Small Cap Value Equities | PDGZX vs PMJIX | |
| Dimensional Retirement Income Fund | 0.85 | 0.86 | 0.83 | 81 | Target Retirement Date | PDGZX vs TDIFX |
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