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
5 mutual funds have low correlation with PMFLX (below 0.3), 1 of which are negatively correlated. The least correlated is AllianceBernstein National Municipal Income Fund (AFB) (Municipal Bonds) with a 1Y correlation of -0.04, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AllianceBernstein National Municipal Income Fund | -0.04 | -0.04 | -0.04 | 66 | Municipal Bonds | PMFLX vs AFB | |
| DFA Short Term Municipal Bond Portfolio | 0.17 | 0.17 | 0.17 | 99 | Municipal Bonds | PMFLX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.17 | 0.17 | 0.17 | 100 | Municipal Bonds | PMFLX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.17 | 0.17 | 0.17 | 99 | Municipal Bonds | PMFLX vs USMSX | |
| PIMCO RAE US Small Fund | 0.27 | 0.27 | 0.27 | 72 | Small Cap Value Equities | PMFLX vs PMJIX |
See all 14 diversifiers for PMFLX
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