Looking to diversify beyond PCBAX? The mutual funds below have the lowest correlation with PCBAX — 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 PCBAX.
Best Diversifiers for PCBAX
20 mutual funds have low correlation with PCBAX (below 0.3), 6 of which are negatively correlated. The least correlated is Fidelity Asset Manager 40% Fund (FFANX) (Diversified Portfolio) with a 1Y correlation of -0.05, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Asset Manager 40% Fund | -0.05 | 0.20 | 0.14 | 77 | Diversified Portfolio | PCBAX vs FFANX | |
| Eaton Vance Global Macro Absolute Return Advantage... | -0.04 | 0.07 | 0.10 | 98 | Macro Trading | PCBAX vs EGRAX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | -0.01 | 0.24 | 0.18 | 77 | Diversified Portfolio, Municipal Bonds | PCBAX vs VTMFX | |
| Fidelity Asset Manager 70% Fund | -0.01 | 0.26 | 0.20 | 74 | Diversified Portfolio | PCBAX vs FASGX | |
| OnTrack Core Fund | -0.01 | 0.06 | 0.04 | 79 | Macro Trading | PCBAX vs OTRFX |
See all 20 diversifiers for PCBAX
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