Looking to diversify beyond PINIX? The mutual funds below have the lowest correlation with PINIX — 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 PINIX.
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 0.44, down from 0.64 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.44 | 0.52 | 0.64 | 63 | Foreign Large Cap Equities | PINIX vs IVFIX | |
| PIMCO Low Duration Income Fund | 0.47 | 0.36 | 0.45 | 87 | Short-Term Bond | PINIX vs PFIIX | |
| SA International Value Fund | 0.60 | 0.63 | 0.71 | 89 | Foreign Large Cap Equities | PINIX vs SAHMX | |
| Thornburg Global Opportunities Fund | 0.66 | 0.75 | 0.82 | 86 | Foreign Large Cap Equities | PINIX vs THOIX | |
| EuroPac International Dividend Income Fund Class A | 0.67 | 0.65 | 0.70 | 75 | Foreign Large Cap Equities, Dividend | PINIX vs EPDPX |
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