Looking to diversify beyond PCCOX? The mutual funds below have historically moved differently from PCCOX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PCCOX
0 mutual funds have low correlation with PCCOX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.31, up from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.31 | 0.16 | 0.13 | 97 | Large Cap Blend Equities | PCCOX vs SVPFX | |
| T. Rowe Price New Era Fund | 0.38 | 0.46 | 0.57 | 77 | Energy Equities | PCCOX vs PRNEX | |
| ARK Venture Fund | 0.46 | 0.58 | — | 99 | Technology Equities | PCCOX vs ARKVX | |
| North Square Preferred and Income Securities Fund | 0.52 | 0.35 | 0.40 | 59 | Preferred Stock | PCCOX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.53 | 0.66 | 0.77 | 89 | Large Cap Blend Equities | PCCOX vs RCKSX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PCCOX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.53, roughly unchanged from 0.62 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.53 | 0.56 | 0.62 | 60 | Consumer Cyclical |
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