Looking to diversify beyond PIPAX? The mutual funds below have the lowest correlation with PIPAX — 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 PIPAX.
Best Diversifiers for PIPAX
1 mutual funds have low correlation with PIPAX (below 0.3), 1 of which are negatively correlated. The least correlated is PIMCO Commodity Real Return Strategy Fund (PCRIX) (Commodities) with a 1Y correlation of -0.07, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | -0.07 | 0.08 | 0.15 | 74 | Commodities | PIPAX vs PCRIX | |
| Adams Diversified Equity Fund, Inc. | 0.33 | 0.33 | 0.37 | 71 | Large Cap Growth Equities | PIPAX vs ADX | |
| PIMCO RAE US Small Fund | 0.34 | 0.31 | 0.33 | 62 | Small Cap Value Equities | PIPAX vs PMJIX | |
| EuroPac International Dividend Income Fund | 0.36 | 0.36 | 0.38 | 85 | Foreign Large Cap Equities | PIPAX vs EPDIX | |
| EuroPac International Dividend Income Fund Class A | 0.37 | 0.35 | 0.38 | 85 | Foreign Large Cap Equities, Dividend | PIPAX vs EPDPX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PIPAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PIPAX and solid risk/return profiles. The least correlated is AGNC Investment Corp. (AGNC) (Real Estate) with a 1Y correlation of 0.27, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AGNC Investment Corp. | 0.27 | 0.22 | 0.26 | 77 | Real Estate |
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