Looking to diversify beyond PBCAX? The mutual funds below have the lowest correlation with PBCAX — 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 PBCAX.
Best Diversifiers for PBCAX
12 mutual funds have low correlation with PBCAX (below 0.3), 0 of which are negatively correlated. The least correlated is PGIM Jennison Small Company Fund (PGOAX) (Small Cap Growth Equities) with a 1Y correlation of 0.09, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Jennison Small Company Fund | 0.09 | 0.12 | 0.09 | 58 | Small Cap Growth Equities | PBCAX vs PGOAX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.15 | 0.30 | — | 100 | Municipal Bonds | PBCAX vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 0.15 | 0.26 | 0.33 | 99 | Municipal Bonds | PBCAX vs DFSMX | |
| DFA NY Municipal Bond Portfolio | 0.16 | 0.28 | 0.38 | 99 | Municipal Bonds | PBCAX vs DNYMX | |
| PGIM Floating Rate Income Fund | 0.19 | 0.20 | 0.22 | 96 | Bank Loan | PBCAX vs FRFZX |
See all 25 diversifiers for PBCAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PBCAX
Add PBCAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PBCAX