Looking to diversify beyond PFOAX? The mutual funds below have the lowest correlation with PFOAX — 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 PFOAX.
Best Diversifiers for PFOAX
1 mutual funds have low correlation with PFOAX (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 -0.27, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | -0.27 | -0.06 | -0.03 | 75 | Commodities | PFOAX vs PCRIX | |
| PIMCO RAE US Small Fund | 0.32 | 0.19 | 0.11 | 67 | Small Cap Value Equities | PFOAX vs PMJIX | |
| Destinations Global Fixed Income Opportunities Fun... | 0.37 | 0.40 | 0.38 | 98 | Global Bonds | PFOAX vs DGFFX | |
| Eaton Vance Global Bond Fund | 0.40 | 0.42 | 0.38 | 90 | Global Bonds | PFOAX vs EAIIX | |
| Payden Global Low Duration Fund | 0.47 | 0.37 | 0.41 | 80 | Global Bonds | PFOAX vs PYGSX |
See all 9 diversifiers for PFOAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PFOAX
Add PFOAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PFOAX