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
14 mutual funds have low correlation with PBCAX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.14, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.14 | 0.27 | 0.33 | 100 | Municipal Bonds | PBCAX vs DFSMX | |
| PGIM Jennison Small Company Fund | 0.15 | 0.12 | 0.10 | 60 | Small Cap Growth Equities | PBCAX vs PGOAX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.18 | 0.30 | — | 100 | Municipal Bonds | PBCAX vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 0.19 | 0.28 | 0.29 | 99 | Municipal Bonds | PBCAX vs ATOIX | |
| DFA NY Municipal Bond Portfolio | 0.19 | 0.28 | 0.38 | 99 | Municipal Bonds | PBCAX vs DNYMX |
See all 26 diversifiers for PBCAX
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