Looking to diversify beyond PIMIX? The mutual funds below have the lowest correlation with PIMIX — 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 PIMIX.
Best Diversifiers for PIMIX
56 mutual funds have low correlation with PIMIX (below 0.3), 10 of which are negatively correlated. The least correlated is PIMCO CommoditiesPLUS Strategy Fund (PCLAX) (Commodities) with a 1Y correlation of -0.37, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO CommoditiesPLUS Strategy Fund | -0.37 | -0.13 | -0.01 | 74 | Commodities | PIMIX vs PCLAX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.37 | -0.13 | -0.00 | 75 | Commodities | PIMIX vs PCLIX | |
| PIMCO CommoditiesPLUS Strategy I2 | -0.36 | -0.13 | -0.01 | 75 | Commodities | PIMIX vs PCLPX | |
| Fidelity Select Energy Portfolio | -0.24 | -0.01 | 0.06 | 79 | Energy Equities | PIMIX vs FSENX | |
| PIMCO Commodity Real Return Strategy Fund | -0.18 | 0.07 | 0.15 | 75 | Commodities | PIMIX vs PCRIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PIMIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PIMIX and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.25, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.25 | -0.08 | 0.00 | 76 | Energy | |
| Exxon Mobil Corporation | -0.22 | -0.06 | 0.03 | 85 | Energy | |
| Energy Transfer LP | -0.20 | 0.01 | 0.09 | 69 | Energy | |
| BP p.l.c. | -0.20 | -0.03 | 0.06 | 87 | Energy | |
| Chevron Corporation | -0.20 | -0.05 | 0.03 | 83 | Energy |
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Build a portfolio that complements PIMIX
Add PIMIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PIMIX