Looking to diversify beyond PLDIX? The mutual funds below have the lowest correlation with PLDIX — 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 PLDIX.
Best Diversifiers for PLDIX
6 mutual funds have low correlation with PLDIX (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 -0.17, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | -0.17 | 0.02 | 0.10 | 54 | Commodities | PLDIX vs PCRIX | |
| Leader Short Term High Yield Bond Fund | 0.15 | 0.14 | 0.20 | 79 | Short-Term Bond | PLDIX vs LCCMX | |
| GuidePath Absolute Return Allocation Fund | 0.17 | 0.47 | 0.54 | 61 | Short-Term Bond | PLDIX vs GPARX | |
| DFA Two-Year Fixed Income Portfolio | 0.18 | 0.02 | 0.33 | 100 | Short-Term Bond | PLDIX vs DFCFX | |
| GuidepathConservative Income Fund | 0.20 | 0.33 | 0.40 | 99 | Short-Term Bond | PLDIX vs GPICX |
See all 26 diversifiers for PLDIX
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Diversification Analysis
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