Looking to diversify beyond PEFIX? The mutual funds below have the lowest correlation with PEFIX — 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 PEFIX.
Best Diversifiers for PEFIX
3 mutual funds have low correlation with PEFIX (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 0.15, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | 0.15 | 0.25 | 0.27 | 75 | Commodities | PEFIX vs PCRIX | |
| PIMCO RAE US Small Fund | 0.25 | 0.29 | 0.32 | 67 | Small Cap Value Equities | PEFIX vs PMJIX | |
| PIMCO RAE PLUS Small Fund | 0.27 | 0.29 | 0.33 | 68 | Small Cap Value Equities | PEFIX vs PCFIX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.39 | 0.51 | 0.55 | 86 | Emerging Markets Diversified | PEFIX vs ESCIX | |
| Wasatch Emerging Markets Small Cap Fund | 0.46 | 0.46 | 0.50 | 61 | Emerging Markets Diversified | PEFIX vs WAEMX |
See all 26 diversifiers for PEFIX
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Diversification Analysis
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