Looking to diversify beyond PFN? The mutual funds below have the lowest correlation with PFN — 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 PFN.
Best Diversifiers for PFN
32 mutual funds have low correlation with PFN (below 0.3), 4 of which are negatively correlated. The least correlated is PIMCO CommoditiesPLUS Strategy Fund (PCLAX) (Commodities) with a 1Y correlation of -0.23, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO CommoditiesPLUS Strategy Fund | -0.23 | -0.07 | 0.02 | 54 | Commodities | PFN vs PCLAX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.22 | -0.07 | 0.02 | 55 | Commodities | PFN vs PCLIX | |
| PIMCO CommoditiesPLUS Strategy I2 | -0.22 | -0.07 | 0.02 | 55 | Commodities | PFN vs PCLPX | |
| PIMCO TRENDS Managed Futures Strategy Fund | -0.00 | -0.05 | -0.11 | 71 | Systematic Trend | PFN vs PQTPX | |
| PIMCO TRENDS Managed Futures Strategy Fund Institu... | 0.00 | -0.05 | -0.10 | 71 | Systematic Trend | PFN vs PQTIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PFN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PFN and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.09, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.09 | 0.01 | 0.09 | 78 | Consumer Defensive | |
| Plains All American Pipeline, L.P. | -0.06 | 0.08 | 0.20 | 87 | Energy | |
| Enterprise Products Partners L.P. | -0.06 | 0.09 | 0.19 | 85 | Energy | |
| Spire Inc. | -0.03 | 0.05 | 0.11 | 61 | Utilities | |
| Verizon Communications Inc. | -0.02 | 0.05 | 0.11 | 57 | Communication Services |
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