Looking to diversify beyond PIMIX? The mutual funds below have historically moved differently from PIMIX, 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 PIMIX
38 mutual funds have low correlation with PIMIX (below 0.3), 13 of which are negatively correlated. The least correlated is PIMCO CommoditiesPLUS Strategy Fund (PCLIX) (Commodities) with a 1Y correlation of -0.43, down from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO CommoditiesPLUS Strategy Fund | -0.43 | -0.19 | -0.03 | 56 | Commodities | PIMIX vs PCLIX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.42 | -0.18 | -0.03 | 54 | Commodities | PIMIX vs PCLAX | |
| PIMCO CommoditiesPLUS Strategy I2 | -0.42 | -0.18 | -0.03 | 56 | Commodities | PIMIX vs PCLPX | |
| Fidelity Select Energy Portfolio | -0.28 | -0.06 | 0.04 | 85 | Energy Equities | PIMIX vs FSENX | |
| PIMCO Commodity Real Return Strategy Fund | -0.23 | 0.02 | 0.13 | 53 | Commodities | PIMIX vs PCRPX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PIMIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.37, down from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.37 | -0.13 | -0.03 | 68 | Energy | |
| Exxon Mobil Corporation | -0.34 | -0.10 | -0.01 | 84 | Energy | |
| Devon Energy Corporation | -0.33 | -0.10 | 0.02 | 71 | Energy | |
| Occidental Petroleum Corporation | -0.31 | -0.10 | 0.00 | 65 | Energy | |
| BP p.l.c. | -0.30 | -0.09 | 0.03 | 71 | Energy |
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