Looking to diversify beyond PACIX? The mutual funds below have the lowest correlation with PACIX — 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 PACIX.
Best Diversifiers for PACIX
1 mutual funds have low correlation with PACIX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Opportunistic High Yield Bond Fund (FHYTX) (High Yield Bonds) with a 1Y correlation of 0.20, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Opportunistic High Yield Bond Fun... | 0.20 | 0.39 | 0.51 | 59 | High Yield Bonds | PACIX vs FHYTX | |
| Columbia Dividend Income Fund Class A | 0.53 | 0.63 | 0.68 | 66 | Large Cap Value Equities | PACIX vs LBSAX | |
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.53 | 0.63 | 0.68 | 68 | Large Cap Value Equities, Dividend | PACIX vs CDDYX | |
| Columbia Dividend Income Fund | 0.54 | 0.63 | 0.68 | 68 | Large Cap Value Equities | PACIX vs GSFTX | |
| Calamos Convertible and High Income Closed Fund | 0.73 | 0.63 | 0.66 | 77 | Convertible Bonds | PACIX vs CHY |
See all 22 diversifiers for PACIX
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