Looking to diversify beyond PTTRX? The mutual funds below have the lowest correlation with PTTRX — 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 PTTRX.
Best Diversifiers for PTTRX
31 mutual funds have low correlation with PTTRX (below 0.3), 11 of which are negatively correlated. The least correlated is PIMCO CommoditiesPLUS Strategy Fund (PCLAX) (Commodities) with a 1Y correlation of -0.39, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO CommoditiesPLUS Strategy Fund | -0.39 | -0.17 | -0.10 | 74 | Commodities | PTTRX vs PCLAX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.38 | -0.16 | -0.11 | 75 | Commodities | PTTRX vs PCLIX | |
| PIMCO CommoditiesPLUS Strategy I2 | -0.38 | -0.16 | -0.11 | 75 | Commodities | PTTRX vs PCLPX | |
| PIMCO Commodity Real Return Strategy Fund | -0.20 | 0.04 | 0.06 | 75 | Commodities | PTTRX vs PCRPX | |
| PIMCO Commodity Real Return Strategy Fund Class A | -0.20 | 0.04 | 0.06 | 73 | Commodities | PTTRX vs PCRAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PTTRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PTTRX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.04, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.04 | 0.03 | 0.06 | 78 | Technology | |
| Advanced Micro Devices, Inc. | 0.09 | 0.07 | 0.08 | 98 | Technology | |
| Tesla, Inc. | 0.11 | 0.10 | 0.08 | 55 | Consumer Cyclical | |
| Johnson & Johnson | 0.21 | 0.17 | 0.16 | 92 | Healthcare | |
| PACCAR Inc | 0.23 | 0.13 | 0.07 | 69 | Industrials |
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