Looking to diversify beyond PTLAX? The mutual funds below have the lowest correlation with PTLAX — 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 PTLAX.
Best Diversifiers for PTLAX
5 mutual funds have low correlation with PTLAX (below 0.3), 1 of which are negatively correlated. The least correlated is PIMCO Commodity Real Return Strategy Fund (PCRIX) (Commodities) with a 1Y correlation of -0.15, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | -0.15 | 0.06 | 0.12 | 75 | Commodities | PTLAX vs PCRIX | |
| PIMCO RAE US Small Fund | 0.11 | 0.09 | 0.10 | 67 | Small Cap Value Equities | PTLAX vs PMJIX | |
| Leader Short Term High Yield Bond Fund | 0.14 | 0.16 | 0.19 | 75 | Short-Term Bond | PTLAX vs LCCMX | |
| GuidePath Absolute Return Allocation Fund | 0.18 | 0.48 | 0.54 | 74 | Short-Term Bond | PTLAX vs GPARX | |
| DFA Short-Duration Real Return Portfolio | 0.18 | 0.26 | 0.36 | 99 | Short-Term Bond | PTLAX vs DFAIX |
See all 16 diversifiers for PTLAX
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