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PIMCO Total Return II Fund (PMBIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

The fund normally invests at least 65% of its total assets in a diversified portfolio of Fixed Income Instruments of varying maturities, which may be represented by forwards or derivatives such as options, futures contracts, or swap agreements. It may invest, without limitation, in derivative instruments, such as options, futures contracts or swap agreements, or in mortgage- or asset-backed securities. The fund may also invest up to 10% of its total assets in preferred securities.

Looking to diversify beyond PMBIX? The mutual funds below have the lowest correlation with PMBIX — 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 PMBIX.

Best Diversifiers for PMBIX

2 mutual funds have low correlation with PMBIX (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO RAE US Small Fund (PMJIX) (Small Cap Value Equities) with a 1Y correlation of 0.28, up from 0.10 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
PMJIX
PIMCO RAE US Small Fund0.280.230.10
72
Small Cap Value EquitiesPMBIX vs PMJIX
VINIX
Vanguard Institutional Index Fund Institutional Sh...0.290.220.14
65
S&P 500, Large Cap Blend EquitiesPMBIX vs VINIX
FAGIX
Fidelity Capital & Income Fund0.320.340.30
92
High Yield BondsPMBIX vs FAGIX
STWTX
Hartford Schroders Tax-Aware Bond Fund0.660.700.68
52
Intermediate Core BondPMBIX vs STWTX
LSSAX
Loomis Sayles Securitized Asset Fund0.760.870.89
59
Intermediate Core BondPMBIX vs LSSAX

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Diversification Analysis

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