Looking to diversify beyond PIASX? The mutual funds below have the lowest correlation with PIASX — 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 PIASX.
Best Diversifiers for PIASX
22 mutual funds have low correlation with PIASX (below 0.3), 1 of which are negatively correlated. The least correlated is PIMCO Short Term Fund (PTSHX) (Ultrashort Bond) with a 1Y correlation of -0.03, roughly unchanged from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Short Term Fund | -0.03 | -0.14 | -0.05 | 99 | Ultrashort Bond | PIASX vs PTSHX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.02 | 0.22 | 0.22 | 99 | Ultrashort Bond | PIASX vs ENIAX | |
| DFA One Year Fixed Income Portfolio | 0.04 | 0.03 | 0.29 | 100 | Ultrashort Bond | PIASX vs DFIHX | |
| U.S. Global Investors U.S. Government Ultra-Short ... | 0.04 | 0.08 | 0.13 | 99 | Ultrashort Bond | PIASX vs UGSDX | |
| Tactical Multi-Purpose Fund | 0.06 | 0.01 | 0.04 | 100 | Ultrashort Bond | PIASX vs TMPFX |
See all 25 diversifiers for PIASX
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