Looking to diversify beyond PQIPX? The mutual funds below have historically moved differently from PQIPX, 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 PQIPX
5 mutual funds have low correlation with PQIPX (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 0.04, down from 0.29 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 | 0.04 | 0.19 | 0.29 | 70 | Commodities | PQIPX vs PCRIX | |
| Parametric Commodity Strategy Fund Class A | 0.13 | 0.21 | 0.31 | 85 | Commodities | PQIPX vs EAPCX | |
| Nationwide Amundi Strategic Income Fund | 0.13 | 0.16 | 0.09 | 99 | Multisector Bonds | PQIPX vs NWXHX | |
| LoCorr Macro Strategies Fund Class I | 0.21 | 0.01 | -0.11 | 83 | Global Allocation | PQIPX vs LFMIX | |
| Holbrook Income Fund | 0.23 | 0.26 | 0.26 | 96 | Short-Term Bond | PQIPX vs HOBEX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PQIPX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.02, down from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.02 | 0.18 | 0.34 | 85 | Energy | |
| Chevron Corporation | 0.02 | 0.20 | 0.35 | 79 | Energy | |
| Shell plc | 0.19 | 0.33 | 0.43 | 80 | Energy | |
| Cisco Systems, Inc. | 0.22 | 0.38 | 0.50 | 93 | Technology |
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