Looking to diversify beyond PONPX? The mutual funds below have the lowest correlation with PONPX — 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 PONPX.
Best Diversifiers for PONPX
19 mutual funds have low correlation with PONPX (below 0.3), 7 of which are negatively correlated. The least correlated is PIMCO CommoditiesPLUS Strategy Fund (PCLAX) (Commodities) with a 1Y correlation of -0.39, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO CommoditiesPLUS Strategy Fund | -0.39 | -0.17 | -0.02 | 54 | Commodities | PONPX vs PCLAX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.39 | -0.17 | -0.02 | 55 | Commodities | PONPX vs PCLIX | |
| PIMCO CommoditiesPLUS Strategy I2 | -0.38 | -0.16 | -0.02 | 55 | Commodities | PONPX vs PCLPX | |
| AQR Style Premia Alternative Fund | -0.20 | -0.18 | -0.22 | 79 | Multistrategy | PONPX vs QSPIX | |
| PIMCO TRENDS Managed Futures Strategy Fund | -0.04 | -0.06 | -0.20 | 71 | Systematic Trend | PONPX vs PQTPX |
See all 102 diversifiers for PONPX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PONPX
Add PONPX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PONPX