Looking to diversify beyond PZRIX? The mutual funds below have the lowest correlation with PZRIX — 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 PZRIX.
Best Diversifiers for PZRIX
1 mutual funds have low correlation with PZRIX (below 0.3), 0 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 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | 0.15 | 0.30 | 0.34 | 78 | Commodities | PZRIX vs PCRIX | |
| Pear Tree Polaris Foreign Value Fund | 0.56 | 0.69 | 0.73 | 76 | Foreign Large Cap Equities | PZRIX vs QFVOX | |
| PIMCO RAE US Small Fund | 0.56 | 0.62 | 0.68 | 60 | Small Cap Value Equities | PZRIX vs PMJIX | |
| American Beacon Tocqueville International Value Fu... | 0.60 | 0.66 | 0.76 | 93 | Foreign Large Cap Equities | PZRIX vs TIVFX | |
| Thornburg Global Opportunities Fund | 0.60 | 0.72 | 0.79 | 94 | Foreign Large Cap Equities | PZRIX vs THOIX |
See all 83 diversifiers for PZRIX
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