Looking to diversify beyond PQTAX? The mutual funds below have historically moved differently from PQTAX, 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 PQTAX
2 mutual funds have low correlation with PQTAX (below 0.3), 1 of which are negatively correlated. The least correlated is PIMCO Income Fund Institutional Class (PIMIX) (Multisector Bonds) with a 1Y correlation of -0.08, up from -0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Income Fund Institutional Class | -0.08 | -0.08 | -0.20 | 52 | Multisector Bonds | PQTAX vs PIMIX | |
| PIMCO RAE US Small Fund | 0.21 | 0.10 | 0.01 | 86 | Small Cap Value Equities | PQTAX vs PMJIX | |
| AQR Diversifying Strategies Fund - Class I | 0.48 | 0.34 | 0.32 | 92 | Multistrategy | PQTAX vs QDSIX | |
| PIMCO Commodity Real Return Strategy Fund | 0.48 | 0.12 | 0.05 | 69 | Commodities | PQTAX vs PCRIX | |
| Guggenheim Managed Futures Strategy Fund | 0.57 | 0.51 | 0.53 | 56 | Systematic Trend | PQTAX vs RYMTX |
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