Looking to diversify beyond PQTPX? The mutual funds below have historically moved differently from PQTPX, 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 PQTPX
4 mutual funds have low correlation with PQTPX (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 -0.09, 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 | -0.09 | -0.08 | -0.20 | 52 | Multisector Bonds | PQTPX vs PIMIX | |
| The Arbitrage Fund | 0.10 | -0.03 | -0.09 | 95 | Event Driven | PQTPX vs ARBFX | |
| PIMCO RAE US Small Fund | 0.21 | 0.10 | 0.01 | 86 | Small Cap Value Equities | PQTPX vs PMJIX | |
| AQR Long-Short Equity Fund | 0.27 | 0.11 | 0.08 | 78 | Long-Short | PQTPX vs QLEIX | |
| Catalyst/Millburn Hedge Strategy Fund | 0.37 | 0.29 | 0.23 | 89 | Multistrategy, Systematic Trend, Global Equities | PQTPX vs MBXAX |
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