Looking to diversify beyond PLDTX? The mutual funds below have historically moved differently from PLDTX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PLDTX
6 mutual funds have low correlation with PLDTX (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 -0.21, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | -0.21 | 0.02 | 0.09 | 70 | Commodities | PLDTX vs PCRIX | |
| GuidePath Absolute Return Allocation Fund | 0.07 | 0.44 | 0.52 | 65 | Short-Term Bond | PLDTX vs GPARX | |
| Leader Short Term High Yield Bond Fund | 0.08 | 0.13 | 0.19 | 77 | Short-Term Bond | PLDTX vs LCCMX | |
| PIMCO RAE US Small Fund | 0.17 | 0.08 | 0.08 | 85 | Small Cap Value Equities | PLDTX vs PMJIX | |
| DFA Two-Year Fixed Income Portfolio | 0.17 | 0.02 | 0.34 | 100 | Short-Term Bond | PLDTX vs DFCFX |
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