Looking to diversify beyond PMYRX? The mutual funds below have the lowest correlation with PMYRX — 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 PMYRX.
Best Diversifiers for PMYRX
2 mutual funds have low correlation with PMYRX (below 0.3), 1 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of -0.02, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.02 | 0.25 | 0.21 | 75 | Tactical Allocation | PMYRX vs PBAIX | |
| Pioneer ILS Interval Fund | 0.10 | 0.05 | 0.02 | 100 | High Yield Bonds | PMYRX vs XILSX | |
| Quantified Evolution Plus Fund | 0.32 | 0.42 | 0.30 | 80 | Tactical Allocation | PMYRX vs QEVOX | |
| Pioneer Multi-Asset Ultrashort Income Fund | 0.32 | 0.22 | 0.19 | 98 | Ultrashort Bond | PMYRX vs MYFRX | |
| Quantified STF Fund | 0.33 | 0.42 | 0.33 | 59 | Tactical Allocation | PMYRX vs QSTFX |
See all 32 diversifiers for PMYRX
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