Looking to diversify beyond PCDIX? The mutual funds below have the lowest correlation with PCDIX — 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 PCDIX.
Best Diversifiers for PCDIX
8 mutual funds have low correlation with PCDIX (below 0.3), 1 of which are negatively correlated. The least correlated is PIMCO Commodity Real Return Strategy Fund (PCRIX) (Commodities) with a 1Y correlation of -0.17, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | -0.17 | 0.02 | 0.05 | 75 | Commodities | PCDIX vs PCRIX | |
| PIMCO RAE US Small Fund | 0.13 | 0.11 | 0.07 | 67 | Small Cap Value Equities | PCDIX vs PMJIX | |
| DFA NY Municipal Bond Portfolio | 0.16 | 0.30 | 0.38 | 99 | Municipal Bonds | PCDIX vs DNYMX | |
| DFA Short Term Municipal Bond Portfolio | 0.16 | 0.19 | 0.30 | 99 | Municipal Bonds | PCDIX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.18 | 0.22 | — | 100 | Municipal Bonds | PCDIX vs DFABX |
See all 17 diversifiers for PCDIX
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