Looking to diversify beyond PLMIX? The mutual funds below have the lowest correlation with PLMIX — 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 PLMIX.
Best Diversifiers for PLMIX
1 mutual funds have low correlation with PLMIX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Stone Harbor Emerging Markets Income Fund (EDF) (Emerging Markets Bonds) with a 1Y correlation of 0.21, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 0.21 | 0.19 | 0.24 | 63 | Emerging Markets Bonds | PLMIX vs EDF | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.36 | 0.29 | 0.28 | 98 | Emerging Markets Bonds | PLMIX vs DBLLX | |
| DoubleLine Emerging Markets Fixed Income Fund | 0.37 | 0.33 | 0.34 | 90 | Emerging Markets Bonds | PLMIX vs DBLEX | |
| PIMCO RAE US Small Fund | 0.37 | 0.35 | 0.41 | 72 | Small Cap Value Equities | PLMIX vs PMJIX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | 0.40 | 0.31 | 0.35 | 96 | Emerging Markets Bonds | PLMIX vs SHCDX |
See all 17 diversifiers for PLMIX
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