Looking to diversify beyond PIM? The mutual funds below have the lowest correlation with PIM — 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 PIM.
Best Diversifiers for PIM
6 mutual funds have low correlation with PIM (below 0.3), 0 of which are negatively correlated. The least correlated is GMO Multi-Sector Fixed Income Fund (GUGAX) (Intermediate Core-Plus Bond) with a 1Y correlation of 0.16, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO Multi-Sector Fixed Income Fund | 0.16 | 0.25 | 0.24 | 76 | Intermediate Core-Plus Bond | PIM vs GUGAX | |
| AAMA Income Fund | 0.20 | 0.22 | 0.18 | 67 | Intermediate Core-Plus Bond | PIM vs AMFIX | |
| Putnam Mortgage Securities Fund | 0.20 | 0.26 | 0.23 | 51 | Intermediate Core-Plus Bond | PIM vs PGSIX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.24 | 0.11 | 0.13 | 94 | Intermediate Core-Plus Bond | PIM vs LCTRX | |
| Holbrook Income Fund Class I | 0.29 | 0.24 | 0.25 | 98 | Intermediate Core-Plus Bond | PIM vs HOBIX |
See all 8 diversifiers for PIM
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