Looking to diversify beyond PELBX? The mutual funds below have the lowest correlation with PELBX — 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 PELBX.
Best Diversifiers for PELBX
2 mutual funds have low correlation with PELBX (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | 0.08 | — | — | 100 | Nontraditional Bonds | PELBX vs CBYYX | |
| Virtus Stone Harbor Emerging Markets Income Fund | 0.23 | 0.21 | 0.27 | 63 | Emerging Markets Bonds | PELBX vs EDF | |
| PIMCO RAE US Small Fund | 0.38 | 0.35 | 0.37 | 72 | Small Cap Value Equities | PELBX vs PMJIX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.40 | 0.38 | 0.38 | 98 | Emerging Markets Bonds | PELBX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund | 0.46 | 0.44 | 0.46 | 90 | Emerging Markets Bonds | PELBX vs DBLEX |
See all 25 diversifiers for PELBX
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