Looking to diversify beyond PFMIX? The mutual funds below have the lowest correlation with PFMIX — 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 PFMIX.
Best Diversifiers for PFMIX
11 mutual funds have low correlation with PFMIX (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 -0.19, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | -0.19 | 0.00 | 0.01 | 75 | Commodities | PFMIX vs PCRIX | |
| DFA Municipal Real Return Portfolio | 0.00 | 0.19 | 0.21 | 95 | Municipal Bonds | PFMIX vs DMREX | |
| PIMCO RAE US Small Fund | 0.15 | 0.14 | 0.08 | 67 | Small Cap Value Equities | PFMIX vs PMJIX | |
| DFA Short Term Municipal Bond Portfolio | 0.17 | 0.26 | 0.35 | 99 | Municipal Bonds | PFMIX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.17 | 0.32 | 0.38 | 99 | Municipal Bonds | PFMIX vs USMSX |
See all 21 diversifiers for PFMIX
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Diversification Analysis
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