Looking to diversify beyond PPYPX? The mutual funds below have historically moved differently from PPYPX, 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 PPYPX
1 mutual funds have low correlation with PPYPX (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO Commodity Real Return Strategy Fund (PCRIX) (Commodities) with a 1Y correlation of 0.17, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | 0.17 | 0.26 | 0.31 | 69 | Commodities | PPYPX vs PCRIX | |
| PIMCO Income Fund Institutional Class | 0.37 | 0.39 | 0.42 | 52 | Multisector Bonds | PPYPX vs PIMIX | |
| Pear Tree Polaris Foreign Value Fund | 0.41 | 0.61 | 0.68 | 88 | Foreign Large Cap Equities | PPYPX vs QFVOX | |
| American Beacon Tocqueville International Value Fu... | 0.45 | 0.57 | 0.70 | 52 | Foreign Large Cap Equities | PPYPX vs TIVFX | |
| Thornburg Global Opportunities Fund | 0.47 | 0.64 | 0.74 | 89 | Foreign Large Cap Equities | PPYPX vs THOIX |
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