Looking to diversify beyond PFN? The mutual funds below have historically moved differently from PFN, 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 PFN
39 mutual funds have low correlation with PFN (below 0.3), 9 of which are negatively correlated. The least correlated is PIMCO CommoditiesPLUS Strategy Fund (PCLAX) (Commodities) with a 1Y correlation of -0.24, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO CommoditiesPLUS Strategy Fund | -0.24 | -0.08 | 0.02 | 68 | Commodities | PFN vs PCLAX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.24 | -0.08 | 0.02 | 70 | Commodities | PFN vs PCLIX | |
| PIMCO CommoditiesPLUS Strategy I2 | -0.23 | -0.08 | 0.02 | 69 | Commodities | PFN vs PCLPX | |
| PIMCO Commodity Real Return Strategy Fund | -0.12 | -0.00 | 0.07 | 69 | Commodities | PFN vs PCRPX | |
| PIMCO Commodity Real Return Strategy Fund | -0.12 | -0.00 | 0.08 | 70 | Commodities | PFN vs PCRIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PFN, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.08, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.08 | 0.01 | 0.09 | 66 | Consumer Defensive | |
| Enterprise Products Partners L.P. | -0.08 | 0.09 | 0.19 | 89 | Energy | |
| Plains All American Pipeline, L.P. | -0.07 | 0.08 | 0.19 | 93 | Energy | |
| Energy Transfer LP | -0.01 | 0.11 | 0.21 | 82 | Energy | |
| Spire Inc. | -0.01 | 0.04 | 0.11 | 60 | Utilities |
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