Looking to diversify beyond PFLEX? The mutual funds below have the lowest correlation with PFLEX — 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 PFLEX.
Best Diversifiers for PFLEX
9 mutual funds have low correlation with PFLEX (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 -0.15, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | -0.15 | 0.07 | 0.17 | 75 | Commodities | PFLEX vs PCRIX | |
| Cliffwater Corporate Lending Fund | 0.02 | 0.00 | 0.04 | 100 | High Yield Bonds | PFLEX vs CCLFX | |
| Nationwide Strategic Income A | 0.08 | 0.25 | 0.22 | 99 | Multisector Bonds | PFLEX vs NWXEX | |
| CrossingBridge Responsible Credit Fund | 0.12 | 0.17 | — | 70 | Multisector Bonds | PFLEX vs CBRDX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.14 | 0.06 | 0.03 | 92 | Long-Short | PFLEX vs BDMIX |
See all 24 diversifiers for PFLEX
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Diversification Analysis
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