Looking to diversify beyond PACEX? The mutual funds below have historically moved differently from PACEX, 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 PACEX
1 mutual funds have low correlation with PACEX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Dividend Growth Fund, Inc. (PRDGX) (Large Cap Blend Equities) with a 1Y correlation of 0.23, roughly unchanged from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Dividend Growth Fund, Inc. | 0.23 | 0.27 | 0.26 | 77 | Large Cap Blend Equities, Dividend | PACEX vs PRDGX | |
| T. Rowe Price Equity Index 500 Fund | 0.30 | 0.27 | 0.27 | 62 | Large Cap Blend Equities | PACEX vs PREIX | |
| T. Rowe Price U.S. Equity Research Fund | 0.32 | 0.28 | 0.27 | 56 | Large Cap Blend Equities | PACEX vs PRCOX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.35 | 0.30 | 0.30 | 57 | Emerging Markets Bonds | PACEX vs EDD | |
| Artisan Emerging Markets Debt Opportunities Fund | 0.42 | 0.42 | — | 98 | Emerging Markets Bonds | PACEX vs APFOX |
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