Looking to diversify beyond PEFIX? The mutual funds below have historically moved differently from PEFIX, 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 PEFIX
6 mutual funds have low correlation with PEFIX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.18, down from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.18 | 0.35 | 0.42 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | PEFIX vs GSIYX | |
| PIMCO Commodity Real Return Strategy Fund | 0.20 | 0.24 | 0.27 | 69 | Commodities | PEFIX vs PCRIX | |
| PIMCO RAE US Small Fund | 0.22 | 0.28 | 0.31 | 86 | Small Cap Value Equities | PEFIX vs PMJIX | |
| The Cook & Bynum Fund | 0.25 | 0.28 | 0.31 | 66 | Emerging Markets Equities | PEFIX vs COBYX | |
| PIMCO Income Fund Institutional Class | 0.26 | 0.21 | 0.27 | 52 | Multisector Bonds | PEFIX vs PIMIX |
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