Looking to diversify beyond PONPX? The mutual funds below have historically moved differently from PONPX, 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 PONPX
22 mutual funds have low correlation with PONPX (below 0.3), 10 of which are negatively correlated. The least correlated is PIMCO CommoditiesPLUS Strategy Fund (PCLAX) (Commodities) with a 1Y correlation of -0.43, down from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO CommoditiesPLUS Strategy Fund | -0.43 | -0.18 | -0.03 | 68 | Commodities | PONPX vs PCLAX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.43 | -0.18 | -0.03 | 70 | Commodities | PONPX vs PCLIX | |
| PIMCO CommoditiesPLUS Strategy I2 | -0.42 | -0.18 | -0.03 | 69 | Commodities | PONPX vs PCLPX | |
| AQR Style Premia Alternative Fund - Class I | -0.24 | -0.18 | -0.22 | 89 | Multistrategy | PONPX vs QSPIX | |
| PIMCO Commodity Real Return Strategy Fund | -0.22 | 0.03 | 0.13 | 69 | Commodities | PONPX vs PCRPX |
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