Looking to diversify beyond PLIDX? The mutual funds below have the lowest correlation with PLIDX — 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 PLIDX.
Best Diversifiers for PLIDX
1 mutual funds have low correlation with PLIDX (below 0.3), 0 of which are negatively correlated. The least correlated is Aristotle Floating Rate Income Fund Class A (PLFLX) (Bank Loan) with a 1Y correlation of 0.10, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Aristotle Floating Rate Income Fund Class A | 0.10 | 0.14 | 0.20 | 85 | Bank Loan | PLIDX vs PLFLX | |
| Holbrook Income Fund Class I | 0.35 | 0.30 | 0.37 | 98 | Intermediate Core-Plus Bond | PLIDX vs HOBIX | |
| Leader Capital High Quality Income Fund Institutio... | 0.45 | 0.22 | 0.17 | 94 | Intermediate Core-Plus Bond | PLIDX vs LCTIX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.47 | 0.24 | 0.19 | 91 | Intermediate Core-Plus Bond | PLIDX vs LCTRX | |
| GMO Multi-Sector Fixed Income Fund | 0.61 | 0.87 | 0.88 | 89 | Intermediate Core-Plus Bond | PLIDX vs GUGAX |
See all 7 diversifiers for PLIDX
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