Looking to diversify beyond PLIIX? The mutual funds below have the lowest correlation with PLIIX — 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 PLIIX.
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 0.19, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pacific Funds Floating Rate Income | 0.19 | 0.16 | 0.21 | 82 | Bank Loan | PLIIX vs PLFRX | |
| Pacific Funds Ultra Short Income | 0.25 | 0.30 | 0.35 | 99 | Ultrashort Bond | PLIIX vs PLUIX | |
| Holbrook Income Fund Class I | 0.32 | 0.33 | 0.38 | 98 | Intermediate Core-Plus Bond | PLIIX vs HOBIX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.35 | 0.21 | 0.18 | 90 | Intermediate Core-Plus Bond | PLIIX vs LCTRX | |
| Leader Capital High Quality Income Fund Institutio... | 0.38 | 0.20 | 0.15 | 92 | Intermediate Core-Plus Bond | PLIIX vs LCTIX |
See all 18 diversifiers for PLIIX
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