Looking to diversify beyond PELAX? The mutual funds below have the lowest correlation with PELAX — 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 PELAX.
Best Diversifiers for PELAX
1 mutual funds have low correlation with PELAX (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 -0.07, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | -0.07 | 0.22 | 0.26 | 75 | Commodities | PELAX vs PCRIX | |
| PIMCO RAE US Small Fund | 0.35 | 0.35 | 0.37 | 67 | Small Cap Value Equities | PELAX vs PMJIX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.36 | 0.38 | 0.38 | 98 | Emerging Markets Bonds | PELAX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund | 0.44 | 0.43 | 0.46 | 89 | Emerging Markets Bonds | PELAX vs DBLEX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | 0.46 | 0.42 | 0.44 | 96 | Emerging Markets Bonds | PELAX vs SHCDX |
See all 17 diversifiers for PELAX
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