Looking to diversify beyond PFINX? The mutual funds below have historically moved differently from PFINX, 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 PFINX
2 mutual funds have low correlation with PFINX (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 -0.25, 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 | -0.25 | 0.00 | 0.10 | 70 | Commodities | PFINX vs PCRIX | |
| Calamos Convertible Fund | 0.30 | 0.32 | 0.37 | 66 | Convertible Bonds | PFINX vs CCVIX | |
| Calamos Convertible Fund | 0.31 | 0.32 | 0.37 | 67 | Convertible Bonds | PFINX vs CICVX | |
| PIMCO RAE US Small Fund | 0.38 | 0.36 | 0.34 | 85 | Small Cap Value Equities | PFINX vs PMJIX | |
| Cohen & Steers Low Duration Preferred and Income F... | 0.67 | 0.73 | 0.79 | 76 | Preferred Stock | PFINX vs LPXZX |
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