Looking to diversify beyond PNYIX? The mutual funds below have the lowest correlation with PNYIX — 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 PNYIX.
Best Diversifiers for PNYIX
13 mutual funds have low correlation with PNYIX (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 -0.18, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | -0.18 | -0.00 | 0.02 | 75 | Commodities | PNYIX vs PCRIX | |
| DFA California Municipal Real Return Portfolio | -0.03 | 0.19 | 0.22 | 96 | Municipal Bonds | PNYIX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.03 | 0.21 | 0.23 | 95 | Municipal Bonds | PNYIX vs DMREX | |
| PIMCO RAE US Small Fund | 0.16 | 0.13 | 0.07 | 67 | Small Cap Value Equities | PNYIX vs PMJIX | |
| DFA Short Term Municipal Bond Portfolio | 0.20 | 0.27 | 0.36 | 99 | Municipal Bonds | PNYIX vs DFSMX |
See all 21 diversifiers for PNYIX
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