Looking to diversify beyond PINRX? The mutual funds below have historically moved differently from PINRX, 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 PINRX
0 mutual funds have low correlation with PINRX (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 0.41, down from 0.66 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... | 0.41 | 0.54 | 0.66 | 88 | Foreign Large Cap Equities | PINRX vs IVFIX | |
| PIMCO Income Fund Institutional Class | 0.50 | 0.38 | 0.44 | 52 | Multisector Bonds | PINRX vs PIMIX | |
| Pear Tree Polaris Foreign Value Fund | 0.50 | 0.61 | 0.68 | 88 | Foreign Large Cap Equities | PINRX vs QFVOX | |
| PIMCO RAE PLUS International Fund | 0.56 | 0.59 | 0.62 | 95 | Foreign Large Cap Equities | PINRX vs PTSIX | |
| Kopernik International Fund | 0.59 | 0.50 | 0.61 | 66 | Foreign Large Cap Equities | PINRX vs KGIIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PINRX, 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 MetLife, Inc. (MET) (Financial Services) with a 1Y correlation of 0.30, down from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| MetLife, Inc. | 0.30 | 0.38 | 0.47 | 78 | Financial Services |
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