Looking to diversify beyond PFIUX? The mutual funds below have the lowest correlation with PFIUX — 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 PFIUX.
Best Diversifiers for PFIUX
8 mutual funds have low correlation with PFIUX (below 0.3), 2 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.13, roughly unchanged from -0.22 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.13 | -0.22 | — | 99 | Nontraditional Bonds | PFIUX vs APFPX | |
| T. Rowe Price Dynamic Credit Fund | -0.06 | 0.10 | 0.08 | 78 | Nontraditional Bonds | PFIUX vs RPIDX | |
| Putnam Mortgage Opportunities Fund | 0.05 | 0.06 | 0.05 | 74 | Nontraditional Bonds | PFIUX vs PMOTX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.08 | — | — | 100 | Nontraditional Bonds | PFIUX vs CBYYX | |
| PGIM Securitized Credit Fund | 0.21 | 0.16 | 0.15 | 99 | Nontraditional Bonds | PFIUX vs SCFZX |
See all 18 diversifiers for PFIUX
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