Looking to diversify beyond PIRMX? The mutual funds below have the lowest correlation with PIRMX — 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 PIRMX.
Best Diversifiers for PIRMX
4 mutual funds have low correlation with PIRMX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.06, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.15 | 0.29 | 63 | Diversified Portfolio | PIRMX vs MHELX | |
| Virtus Diversified Income & Convertible Fund | 0.28 | 0.32 | 0.35 | 65 | Diversified Portfolio | PIRMX vs ACV | |
| Greenspring Fund | 0.29 | 0.40 | 0.42 | 61 | Diversified Portfolio | PIRMX vs GRSPX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.30 | 0.32 | 0.36 | 99 | Diversified Portfolio | PIRMX vs STDAX | |
| PIMCO RAE US Small Fund | 0.31 | 0.41 | 0.45 | 60 | Small Cap Value Equities | PIRMX vs PMJIX |
See all 39 diversifiers for PIRMX
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