Looking to diversify beyond PLIIX? The mutual funds below have historically moved differently from PLIIX, 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 PLIIX
2 mutual funds have low correlation with PLIIX (below 0.3), 0 of which are negatively correlated. The least correlated is Pacific Funds Floating Rate Income (PLFRX) (Bank Loan) with a 1Y correlation of 0.18, roughly unchanged from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pacific Funds Floating Rate Income | 0.18 | 0.17 | 0.21 | 89 | Bank Loan | PLIIX vs PLFRX | |
| Pacific Funds Ultra Short Income | 0.23 | 0.30 | 0.35 | 99 | Ultrashort Bond | PLIIX vs PLUIX | |
| Holbrook Income Fund Class I | 0.34 | 0.31 | 0.39 | 99 | Intermediate Core-Plus Bond | PLIIX vs HOBIX | |
| Pacific Funds Portfolio Optimization Aggressive-Gr... | 0.47 | 0.33 | 0.30 | 65 | Diversified Portfolio | PLIIX vs POEAX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.47 | 0.24 | 0.20 | 89 | Intermediate Core-Plus Bond | PLIIX vs LCTRX |
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