Looking to diversify beyond PELBX? The mutual funds below have historically moved differently from PELBX, 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 PELBX
2 mutual funds have low correlation with PELBX (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 -0.08, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | -0.08 | 0.18 | 0.24 | 69 | Commodities | PELBX vs PCRIX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.07 | — | — | 100 | Nontraditional Bonds | PELBX vs CBYYX | |
| PIMCO RAE US Small Fund | 0.38 | 0.35 | 0.37 | 86 | Small Cap Value Equities | PELBX vs PMJIX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.42 | 0.40 | 0.39 | 98 | Emerging Markets Bonds | PELBX vs DBLLX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.44 | 0.41 | 0.47 | 57 | Emerging Markets Bonds | PELBX vs EDD |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PELBX
Add PELBX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PELBX