Looking to diversify beyond PIMSX? The mutual funds below have historically moved differently from PIMSX, 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 PIMSX
13 mutual funds have low correlation with PIMSX (below 0.3), 1 of which are negatively correlated. The least correlated is AQR Managed Futures Strategy Fund - Class I (AQMIX) (Systematic Trend) with a 1Y correlation of -0.25, roughly unchanged from -0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Managed Futures Strategy Fund - Class I | -0.25 | -0.18 | -0.34 | 90 | Systematic Trend | PIMSX vs AQMIX | |
| DFA Two-Year Fixed Income Portfolio | 0.09 | 0.03 | 0.29 | 100 | Short-Term Bond | PIMSX vs DFCFX | |
| The Merger Fund | 0.16 | 0.01 | 0.08 | 96 | Event Driven | PIMSX vs MERFX | |
| GuidePath Absolute Return Allocation Fund | 0.16 | 0.44 | 0.53 | 69 | Short-Term Bond | PIMSX vs GPARX | |
| Calamos Market Neutral Income Fund Institutional C... | 0.18 | 0.13 | 0.19 | 98 | PIMSX vs CMNIX |
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