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
18 mutual funds have low correlation with PCBAX (below 0.3), 5 of which are negatively correlated. The least correlated is abrdn Global Absolute Return Strategies Fund (CGFIX) (Macro Trading) with a 1Y correlation of -0.33, down from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Global Absolute Return Strategies Fund | -0.33 | -0.19 | -0.11 | 53 | Macro Trading | PCBAX vs CGFIX | |
| Eaton Vance Global Macro Absolute Return Advantage... | -0.04 | 0.05 | 0.10 | 98 | Macro Trading | PCBAX vs EGRAX | |
| OnTrack Core Fund | -0.01 | 0.04 | 0.03 | 80 | Macro Trading | PCBAX vs OTRFX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | -0.00 | 0.23 | 0.17 | 76 | Diversified Portfolio, Municipal Bonds | PCBAX vs VTMFX | |
| Fidelity Asset Manager 70% Fund | -0.00 | 0.25 | 0.20 | 76 | Diversified Portfolio | PCBAX vs FASGX |
See all 18 diversifiers for PCBAX
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