Looking to diversify beyond PMJIX? The mutual funds below have the lowest correlation with PMJIX — 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 PMJIX.
Best Diversifiers for PMJIX
20 mutual funds have low correlation with PMJIX (below 0.3), 1 of which are negatively correlated. The least correlated is PIMCO Short Asset Investment Fund (PAIPX) (Ultrashort Bond) with a 1Y correlation of -0.09, roughly unchanged from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Short Asset Investment Fund | -0.09 | -0.03 | -0.05 | 100 | Ultrashort Bond | PMJIX vs PAIPX | |
| PIMCO Short Term Fund | 0.02 | -0.01 | -0.03 | 99 | Ultrashort Bond | PMJIX vs PTSHX | |
| PIMCO Short Duration Municipal Income Fund | 0.14 | 0.11 | 0.06 | 93 | Municipal Bonds | PMJIX vs PSDIX | |
| PIMCO Low Duration Fund | 0.16 | 0.11 | 0.10 | 61 | Short-Term Bond | PMJIX vs PTLDX | |
| PIMCO Low Duration II Fund | 0.16 | 0.09 | 0.07 | 59 | Short-Term Bond | PMJIX vs PLDTX |
See all 134 diversifiers for PMJIX
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