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
41 mutual funds have low correlation with PIMIX (below 0.3), 4 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.25, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.25 | -0.02 | 0.06 | 51 | Energy Equities | PIMIX vs FSENX | |
| Cliffwater Corporate Lending Fund | -0.00 | 0.02 | 0.02 | 100 | High Yield Bonds | PIMIX vs CCLFX | |
| AQR Diversified Arbitrage Fund Class I | -0.00 | 0.06 | 0.19 | 99 | Multistrategy | PIMIX vs ADAIX | |
| PIMCO TRENDS Managed Futures Strategy Fund | -0.00 | -0.07 | -0.20 | 73 | Systematic Trend | PIMIX vs PQTPX | |
| PIMCO TRENDS Managed Futures Strategy Fund Institu... | 0.00 | -0.07 | -0.19 | 75 | Systematic Trend | PIMIX vs PQTIX |
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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 -0.29, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.29 | -0.08 | -0.01 | 65 | Energy | |
| Exxon Mobil Corporation | -0.26 | -0.07 | 0.02 | 74 | Energy | |
| Chevron Corporation | -0.22 | -0.05 | 0.02 | 70 | Energy | |
| BP p.l.c. | -0.21 | -0.03 | 0.05 | 75 | Energy | |
| Energy Transfer LP | -0.19 | 0.01 | 0.09 | 70 | Energy |
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Build a portfolio that complements PIMIX
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