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PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its assets in Fixed Income Instruments. It will invest under normal circumstances in Fixed Income Instruments that are economically tied to at least three non-U.S. countries. The fund invests primarily in investment grade debt securities, but may invest up to 10% of its total assets in junk bonds as rated by Moody's, S&P or Fitch, or, if unrated, as determined by PIMCO. It is non-diversified.

Looking to diversify beyond PFORX? The mutual funds below have the lowest correlation with PFORX — 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 PFORX.

Best Diversifiers for PFORX

8 mutual funds have low correlation with PFORX (below 0.3), 3 of which are negatively correlated. The least correlated is PIMCO TRENDS Managed Futures Strategy Fund (PQTPX) (Systematic Trend) with a 1Y correlation of -0.02, up from -0.13 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
PQTPX
PIMCO TRENDS Managed Futures Strategy Fund-0.02-0.03-0.13
73
Systematic TrendPFORX vs PQTPX
PQTIX
PIMCO TRENDS Managed Futures Strategy Fund Institu...-0.02-0.03-0.13
74
Systematic TrendPFORX vs PQTIX
PQTAX
PIMCO TRENDS Managed Futures Strategy Fund Class A-0.01-0.02-0.12
71
Systematic TrendPFORX vs PQTAX
VITAX
Vanguard Information Technology Index Fund Admiral...0.230.140.12
65
Technology EquitiesPFORX vs VITAX
PAIPX
PIMCO Short Asset Investment Fund0.250.230.16
100
Ultrashort BondPFORX vs PAIPX
See all 78 diversifiers for PFORX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from PFORX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PFORX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.24, up from 0.12 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
AAPL
Apple Inc0.240.130.12
88
Technology

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Diversification Analysis

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