Looking to diversify beyond PSTIX? The mutual funds below have historically moved differently from PSTIX, 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 PSTIX
5 mutual funds have low correlation with PSTIX (below 0.3), 5 of which are negatively correlated. The least correlated is PIMCO RAE US Small Fund (PMJIX) (Small Cap Value Equities) with a 1Y correlation of -0.65, roughly unchanged from -0.73 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO RAE US Small Fund | -0.65 | -0.70 | -0.73 | 86 | Small Cap Value Equities | PSTIX vs PMJIX | |
| Comstock Capital Value Fund | -0.43 | -0.53 | -0.55 | 94 | Inverse Equities | PSTIX vs DRCVX | |
| ProFunds Pharmaceuticals UltraSector Fund | -0.39 | -0.51 | -0.56 | 95 | Leveraged Equities | PSTIX vs PHPIX | |
| PIMCO Income Fund Institutional Class | -0.35 | -0.27 | -0.32 | 52 | Multisector Bonds | PSTIX vs PIMIX | |
| PIMCO Commodity Real Return Strategy Fund | -0.06 | -0.09 | -0.16 | 69 | Commodities | PSTIX vs PCRIX |
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