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
7 mutual funds have low correlation with PLDIX (below 0.3), 2 of which are negatively correlated. The least correlated is PIMCO Commodity Real Return Strategy Fund (PCRIX) (Commodities) with a 1Y correlation of -0.19, 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 | -0.19 | 0.04 | 0.10 | 75 | Commodities | PLDIX vs PCRIX | |
| DFA Two-Year Fixed Income Portfolio | -0.01 | -0.02 | 0.31 | 66 | Short-Term Bond | PLDIX vs DFCFX | |
| Leader Short Term High Yield Bond Fund | 0.12 | 0.14 | 0.20 | 75 | Short-Term Bond | PLDIX vs LCCMX | |
| PIMCO RAE US Small Fund | 0.16 | 0.11 | 0.09 | 67 | Small Cap Value Equities | PLDIX vs PMJIX | |
| DFA Short-Duration Real Return Portfolio | 0.21 | 0.26 | 0.36 | 99 | Short-Term Bond | PLDIX vs DFAIX |
See all 18 diversifiers for PLDIX
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