Looking to diversify beyond PMZIX? The mutual funds below have the lowest correlation with PMZIX — 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 PMZIX.
Best Diversifiers for PMZIX
15 mutual funds have low correlation with PMZIX (below 0.3), 2 of which are negatively correlated. The least correlated is PIMCO Commodity Real Return Strategy Fund (PCRIX) (Commodities) with a 1Y correlation of -0.15, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | -0.15 | 0.04 | 0.07 | 74 | Commodities | PMZIX vs PCRIX | |
| Artisan Global Unconstrained Fund | -0.07 | -0.27 | — | 99 | Nontraditional Bonds | PMZIX vs APFPX | |
| T. Rowe Price Dynamic Credit Fund | 0.04 | 0.03 | 0.03 | 75 | Nontraditional Bonds | PMZIX vs RPIDX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.10 | — | — | 100 | Nontraditional Bonds | PMZIX vs CBYYX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.11 | 0.14 | -0.01 | 99 | Nontraditional Bonds | PMZIX vs EIGMX |
See all 23 diversifiers for PMZIX
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