Looking to diversify beyond PFL? The mutual funds below have historically moved differently from PFL, 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 PFL
8 mutual funds have low correlation with PFL (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 -0.13, down from 0.06 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 | -0.13 | -0.03 | 0.06 | 69 | Commodities | PFL vs PCRIX | |
| CrossingBridge Low Duration High Yield Fund | 0.18 | 0.16 | 0.18 | 96 | Multisector Bonds | PFL vs CBLDX | |
| Abrdn Healthcare Opportunities Fund | 0.21 | 0.25 | 0.33 | 59 | Health & Biotech Equities | PFL vs THQ | |
| Rational Special Situations Income Fund | 0.23 | 0.16 | 0.14 | 98 | Multisector Bonds | PFL vs RFXIX | |
| Doubleline Selective Credit Fund | 0.26 | 0.21 | 0.18 | 96 | Multisector Bonds | PFL vs DBSCX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PFL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.16, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.16 | 0.22 | 0.30 | 55 | Financial Services | |
| AGNC Investment Corp. | 0.34 | 0.28 | 0.34 | 79 | Real Estate |
Build a portfolio that complements PFL
Add PFL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PFL