Looking to diversify beyond PIFZX? The mutual funds below have the lowest correlation with PIFZX — 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 PIFZX.
Best Diversifiers for PIFZX
7 mutual funds have low correlation with PIFZX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA Two-Year Fixed Income Portfolio (DFCFX) (Short-Term Bond) with a 1Y correlation of -0.00, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | -0.00 | 0.00 | 0.36 | 68 | Short-Term Bond | PIFZX vs DFCFX | |
| Leader Short Term High Yield Bond Fund | 0.19 | 0.16 | 0.22 | 79 | Short-Term Bond | PIFZX vs LCCMX | |
| GuidePath Absolute Return Allocation Fund | 0.25 | 0.60 | 0.66 | 57 | Short-Term Bond | PIFZX vs GPARX | |
| GuidepathConservative Income Fund | 0.26 | 0.38 | 0.43 | 99 | Short-Term Bond | PIFZX vs GPICX | |
| PGIM Floating Rate Income Fund | 0.27 | 0.17 | 0.17 | 96 | Bank Loan | PIFZX vs FRFZX |
See all 25 diversifiers for PIFZX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PIFZX
Add PIFZX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PIFZX