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
28 mutual funds have low correlation with PFN (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO TRENDS Managed Futures Strategy Fund (PQTPX) (Systematic Trend) with a 1Y correlation of 0.01, up from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO TRENDS Managed Futures Strategy Fund | 0.02 | -0.04 | -0.10 | 78 | Systematic Trend | PFN vs PQTPX | |
| PIMCO TRENDS Managed Futures Strategy Fund Institu... | 0.02 | -0.04 | -0.10 | 79 | Systematic Trend | PFN vs PQTIX | |
| PIMCO TRENDS Managed Futures Strategy Fund Class A | 0.02 | -0.04 | -0.10 | 77 | Systematic Trend | PFN vs PQTAX | |
| PIMCO Short Asset Investment Fund | 0.09 | 0.11 | 0.06 | 100 | Ultrashort Bond | PFN vs PAIPX | |
| Potomac Managed Volatility Fund | 0.13 | 0.18 | 0.12 | 54 | Multisector Bonds | PFN vs CRMVX |
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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 -0.12, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.12 | 0.01 | 0.08 | 72 | Consumer Defensive | |
| Plains All American Pipeline, L.P. | -0.08 | 0.08 | 0.19 | 80 | Energy | |
| Enterprise Products Partners L.P. | -0.05 | 0.10 | 0.19 | 85 | Energy | |
| Spire Inc. | -0.04 | 0.05 | 0.11 | 55 | Utilities | |
| Energy Transfer LP | -0.01 | 0.12 | 0.22 | 72 | Energy |
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Build a portfolio that complements PFN
Add PFN to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PFN