Looking to diversify beyond PEDIX? The mutual funds below have the lowest correlation with PEDIX — 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 PEDIX.
Best Diversifiers for PEDIX
6 mutual funds have low correlation with PEDIX (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 -0.16, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | -0.16 | 0.01 | -0.02 | 75 | Commodities | PEDIX vs PCRIX | |
| GMO U.S. Treasury Fund | 0.03 | -0.01 | 0.01 | 99 | Government Bonds | PEDIX vs GUSTX | |
| DFA Short-Term Government Portfolio | 0.17 | 0.07 | 0.27 | 62 | Government Bonds | PEDIX vs DFFGX | |
| Federated Hermes Adjustable Rate Fund | 0.18 | 0.42 | 0.40 | 99 | Government Bonds | PEDIX vs FEUGX | |
| PIMCO RAE US Small Fund | 0.23 | 0.21 | 0.04 | 67 | Small Cap Value Equities | PEDIX vs PMJIX |
See all 14 diversifiers for PEDIX
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