Looking to diversify beyond PDIIX? The mutual funds below have the lowest correlation with PDIIX — 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 PDIIX.
Best Diversifiers for PDIIX
6 mutual funds have low correlation with PDIIX (below 0.3), 2 of which are negatively correlated. The least correlated is PIMCO Commodity Real Return Strategy Fund (PCRIX) (Commodities) with a 1Y correlation of -0.23, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | -0.23 | 0.02 | 0.09 | 78 | Commodities | PDIIX vs PCRIX | |
| Nationwide Strategic Income A | -0.01 | 0.26 | 0.18 | 99 | Multisector Bonds | PDIIX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.07 | 0.29 | 0.19 | 99 | Multisector Bonds | PDIIX vs NWXHX | |
| CrossingBridge Responsible Credit Fund | 0.15 | 0.20 | — | 68 | Multisector Bonds | PDIIX vs CBRDX | |
| CrossingBridge Low Duration High Yield Fund | 0.25 | 0.26 | 0.28 | 97 | Multisector Bonds | PDIIX vs CBLDX |
See all 25 diversifiers for PDIIX
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