Looking to diversify beyond PRBMX? The mutual funds below have historically moved differently from PRBMX, 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 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 0.05, down from 0.23 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 | 0.05 | 0.15 | 0.23 | 65 | Commodities | PRBMX vs PCRIX | |
| PIMCO StocksPLUS International Fund (U.S. Dollar-H... | 0.50 | 0.45 | 0.46 | 51 | Foreign Large Cap Equities | PRBMX vs PISIX | |
| PIMCO RAE US Small Fund | 0.72 | 0.77 | 0.78 | 90 | Small Cap Value Equities | PRBMX vs PMJIX | |
| Dimensional Retirement Income Fund | 0.80 | 0.78 | 0.75 | 83 | Target Retirement Date | PRBMX vs TDIFX | |
| MFS Lifetime Income Fund | 0.83 | 0.79 | 0.81 | 58 | Target Retirement Date | PRBMX vs MLLIX |
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