Looking to diversify beyond PMJIX? The mutual funds below have historically moved differently from PMJIX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PMJIX
23 mutual funds have low correlation with PMJIX (below 0.3), 4 of which are negatively correlated. The least correlated is PIMCO CommoditiesPLUS Strategy I2 (PCLPX) (Commodities) with a 1Y correlation of -0.11, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO CommoditiesPLUS Strategy I2 | -0.11 | 0.06 | 0.23 | 69 | Commodities | PMJIX vs PCLPX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.10 | 0.06 | 0.23 | 68 | Commodities | PMJIX vs PCLAX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.10 | 0.06 | 0.23 | 70 | Commodities | PMJIX vs PCLIX | |
| PIMCO Short Asset Investment Fund | -0.08 | -0.03 | -0.05 | 100 | Ultrashort Bond | PMJIX vs PAIPX | |
| PIMCO Commodity Real Return Strategy Fund | 0.00 | 0.11 | 0.23 | 69 | Commodities | PMJIX vs PCRPX |
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