Looking to diversify beyond PEBIX? The mutual funds below have historically moved differently from PEBIX, 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 PEBIX
2 mutual funds have low correlation with PEBIX (below 0.3), 1 of which are negatively correlated. The least correlated is PIMCO Commodity Real Return Strategy Fund (PCRIX) (Commodities) with a 1Y correlation of -0.24, down from 0.10 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 | -0.24 | 0.01 | 0.10 | 65 | Commodities | PEBIX vs PCRIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.05 | 0.03 | 0.06 | 100 | Bank Loan, High Yield Bonds | PEBIX vs CCLFX | |
| PIMCO RAE US Small Fund | 0.40 | 0.30 | 0.26 | 90 | Small Cap Value Equities | PEBIX vs PMJIX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.46 | 0.36 | 0.39 | 51 | Emerging Markets Bonds | PEBIX vs EDD | |
| BBH Limited Duration Fund Class N | 0.46 | 0.56 | 0.57 | 98 | Ultrashort Bond | PEBIX vs BBBMX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PEBIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Host Hotels & Resorts, Inc. (HST) (Real Estate) with a 1Y correlation of 0.26, roughly unchanged from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Host Hotels & Resorts, Inc. | 0.26 | 0.15 | 0.17 | 96 | Real Estate |
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