Looking to diversify beyond PINIX? The mutual funds below have historically moved differently from PINIX, 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 PINIX
0 mutual funds have low correlation with PINIX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.40, down from 0.63 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.40 | 0.51 | 0.63 | 88 | Foreign Large Cap Equities | PINIX vs IVFIX | |
| PIMCO Low Duration Income Fund | 0.50 | 0.36 | 0.45 | 88 | Short-Term Bond | PINIX vs PFIIX | |
| PIMCO RAE PLUS International Fund | 0.53 | 0.57 | 0.62 | 95 | Foreign Large Cap Equities | PINIX vs PTSIX | |
| Kopernik International Fund | 0.57 | 0.50 | 0.61 | 66 | Foreign Large Cap Equities | PINIX vs KGIIX | |
| Tweedy, Browne International Value Fund | 0.58 | 0.69 | 0.76 | 80 | Foreign Large Cap Equities | PINIX vs TBGVX |
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