Looking to diversify beyond PIGIX? The mutual funds below have historically moved differently from PIGIX, 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 PIGIX
1 mutual funds have low correlation with PIGIX (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 -0.21, down from 0.06 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 | -0.21 | 0.01 | 0.06 | 69 | Commodities | PIGIX vs PCRIX | |
| PIMCO RAE US Small Fund | 0.35 | 0.26 | 0.16 | 86 | Small Cap Value Equities | PIGIX vs PMJIX | |
| Schwab Fundamental US Large Company Index Fund | 0.36 | 0.28 | 0.20 | 96 | Large Cap Value Equities | PIGIX vs SFLNX | |
| Miller Intermediate Bond Fund | 0.42 | 0.33 | 0.29 | 95 | Corporate Bonds | PIGIX vs MIFIX | |
| Vanguard Global ESG Select Stock Fund Admiral Shar... | 0.48 | 0.37 | 0.31 | 59 | ESG, Global Equities | PIGIX vs VESGX |
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