Looking to diversify beyond PFIIX? The mutual funds below have historically moved differently from PFIIX, 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 PFIIX
7 mutual funds have low correlation with PFIIX (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 -0.22, down from 0.16 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 | -0.22 | 0.05 | 0.16 | 69 | Commodities | PFIIX vs PCRIX | |
| DFA Two-Year Fixed Income Portfolio | 0.15 | 0.02 | 0.20 | 100 | Short-Term Bond | PFIIX vs DFCFX | |
| GuidePath Absolute Return Allocation Fund | 0.17 | 0.53 | 0.59 | 69 | Short-Term Bond | PFIIX vs GPARX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.18 | 0.47 | 0.47 | 91 | Inflation-Protected Bonds | PFIIX vs VTAPX | |
| Leader Short Term High Yield Bond Fund | 0.20 | 0.21 | 0.37 | 84 | Short-Term Bond | PFIIX vs LCCMX |
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