Looking to diversify beyond PFOAX? The mutual funds below have historically moved differently from PFOAX, 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 PFOAX
2 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 -0.29, down from -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | -0.29 | -0.09 | -0.04 | 69 | Commodities | PFOAX vs PCRIX | |
| DFA Two Year Global Fixed Income Portfolio | 0.28 | 0.10 | 0.28 | 100 | Global Bonds | PFOAX vs DFGFX | |
| PIMCO RAE US Small Fund | 0.35 | 0.22 | 0.13 | 86 | Small Cap Value Equities | PFOAX vs PMJIX | |
| Destinations Global Fixed Income Opportunities Fun... | 0.39 | 0.41 | 0.40 | 98 | Global Bonds | PFOAX vs DGFFX | |
| Eaton Vance Global Bond Fund | 0.43 | 0.42 | 0.38 | 97 | Global Bonds | PFOAX vs EAIIX |
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