Looking to diversify beyond PEMIX? The mutual funds below have historically moved differently from PEMIX, 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 PEMIX
1 mutual funds have low correlation with PEMIX (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 -0.21, down from 0.10 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 | -0.21 | 0.00 | 0.10 | 69 | Commodities | PEMIX vs PCRIX | |
| PIMCO RAE US Small Fund | 0.32 | 0.26 | 0.21 | 86 | Small Cap Value Equities | PEMIX vs PMJIX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.41 | 0.34 | 0.34 | 57 | Emerging Markets Bonds | PEMIX vs EDD | |
| Artisan Emerging Markets Debt Opportunities Fund | 0.47 | 0.38 | — | 98 | Emerging Markets Bonds | PEMIX vs APFOX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.50 | 0.35 | 0.40 | 98 | Emerging Markets Bonds | PEMIX vs EELDX |
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