Looking to diversify beyond PMFLX? The mutual funds below have the lowest correlation with PMFLX — 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 PMFLX.
Best Diversifiers for PMFLX
9 mutual funds have low correlation with PMFLX (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 -0.16, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | -0.16 | -0.00 | 0.02 | 75 | Commodities | PMFLX vs PCRIX | |
| DFA California Short Term Municipal Bond Portfolio | 0.10 | 0.29 | 0.39 | 99 | Municipal Bonds | PMFLX vs DFCMX | |
| DFA NY Municipal Bond Portfolio | 0.12 | 0.29 | 0.38 | 99 | Municipal Bonds | PMFLX vs DNYMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.12 | 0.29 | 0.34 | 99 | Municipal Bonds | PMFLX vs USMSX | |
| Federated Hermes Conservative Municipal Microshort... | 0.17 | 0.19 | 0.15 | 98 | Municipal Bonds | PMFLX vs FHMIX |
See all 15 diversifiers for PMFLX
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