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
4 mutual funds have low correlation with PMBIX (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 -0.17, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | -0.17 | 0.05 | 0.07 | 78 | Commodities | PMBIX vs PCRIX | |
| PIMCO RAE US Small Fund | 0.24 | 0.22 | 0.10 | 60 | Small Cap Value Equities | PMBIX vs PMJIX | |
| Vanguard Institutional Index Fund Institutional Sh... | 0.26 | 0.22 | 0.14 | 74 | Large Cap Blend Equities | PMBIX vs VINIX | |
| Fidelity Capital & Income Fund | 0.28 | 0.34 | 0.30 | 92 | High Yield Bonds | PMBIX vs FAGIX | |
| Loomis Sayles Securitized Asset Fund | 0.75 | 0.87 | 0.89 | 50 | Intermediate Core Bond | PMBIX vs LSSAX |
See all 6 diversifiers for PMBIX
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