Looking to diversify beyond PLRIX? The mutual funds below have historically moved differently from PLRIX, 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 PLRIX
2 mutual funds have low correlation with PLRIX (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 -0.22, down from 0.01 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 | -0.22 | -0.01 | 0.01 | 69 | Commodities | PLRIX vs PCRIX | |
| Fidelity Series Floating Rate High Income Fund | 0.10 | 0.10 | 0.13 | 96 | High Yield Bonds | PLRIX vs FFHCX | |
| PIMCO RAE US Small Fund | 0.34 | 0.25 | 0.11 | 86 | Small Cap Value Equities | PLRIX vs PMJIX | |
| PIMCO Income Fund Institutional Class | 0.84 | 0.83 | 0.74 | 52 | Multisector Bonds | PLRIX vs PIMIX |
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