Looking to diversify beyond PTLDX? The mutual funds below have historically moved differently from PTLDX, 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 PTLDX
9 mutual funds have low correlation with PTLDX (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 -0.18, down from 0.10 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 | -0.18 | 0.03 | 0.10 | 69 | Commodities | PTLDX vs PCRIX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.01 | 0.13 | 0.16 | 79 | Bank Loan | PTLDX vs RPIFX | |
| GuidePath Absolute Return Allocation Fund | 0.03 | 0.42 | 0.51 | 69 | Short-Term Bond | PTLDX vs GPARX | |
| Leader Short Term High Yield Bond Fund | 0.14 | 0.14 | 0.18 | 84 | Short-Term Bond | PTLDX vs LCCMX | |
| PIMCO RAE US Small Fund | 0.16 | 0.10 | 0.10 | 86 | Small Cap Value Equities | PTLDX vs PMJIX |
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