Looking to diversify beyond PRBMX? The mutual funds below have the lowest correlation with PRBMX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PRBMX.
Best Diversifiers for PRBMX
1 mutual funds have low correlation with PRBMX (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 0.08, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | 0.08 | 0.18 | 0.24 | 53 | Commodities | PRBMX vs PCRIX | |
| PIMCO Income Fund Institutional Class | 0.46 | 0.39 | 0.44 | 51 | Multisector Bonds | PRBMX vs PIMIX | |
| PGIM High Yield Fund Class R6 | 0.56 | 0.51 | 0.54 | 72 | High Yield Bonds | PRBMX vs PHYQX | |
| PIMCO RAE US Small Fund | 0.73 | 0.77 | 0.79 | 76 | Small Cap Value Equities | PRBMX vs PMJIX | |
| Dimensional Retirement Income Fund | 0.79 | 0.78 | 0.75 | 83 | Target Retirement Date | PRBMX vs TDIFX |
See all 51 diversifiers for PRBMX
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