Looking to diversify beyond PSKIX? The mutual funds below have the lowest correlation with PSKIX — 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 PSKIX.
Best Diversifiers for PSKIX
2 mutual funds have low correlation with PSKIX (below 0.3), 2 of which are negatively correlated. The least correlated is PIMCO CommoditiesPLUS Strategy Fund (PCLAX) (Commodities) with a 1Y correlation of -0.20, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO CommoditiesPLUS Strategy Fund | -0.20 | 0.06 | 0.18 | 76 | Commodities | PSKIX vs PCLAX | |
| PIMCO Commodity Real Return Strategy Fund | -0.01 | 0.20 | 0.25 | 78 | Commodities | PSKIX vs PCRIX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.39 | 0.37 | 0.27 | 97 | Nontraditional Bonds | PSKIX vs EGRIX | |
| PIMCO RAE US Small Fund | 0.40 | 0.38 | 0.40 | 60 | Small Cap Value Equities | PSKIX vs PMJIX | |
| PIMCO RAE PLUS Small Fund | 0.40 | 0.39 | 0.42 | 61 | Small Cap Value Equities | PSKIX vs PCFIX |
See all 28 diversifiers for PSKIX
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