Looking to diversify beyond PLBBX? The mutual funds below have the lowest correlation with PLBBX — 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 PLBBX.
Best Diversifiers for PLBBX
10 mutual funds have low correlation with PLBBX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.27, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.27 | -0.08 | 0.04 | 73 | Diversified Portfolio | PLBBX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.19 | 0.51 | 64 | Diversified Portfolio | PLBBX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.22 | 0.43 | 0.50 | 95 | Diversified Portfolio | PLBBX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.23 | 0.43 | 0.50 | 96 | Diversified Portfolio | PLBBX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.23 | 0.42 | 0.50 | 96 | Diversified Portfolio | PLBBX vs FIQDX |
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