Looking to diversify beyond PCEWX? The mutual funds below have the lowest correlation with PCEWX — 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 PCEWX.
Best Diversifiers for PCEWX
0 mutual funds have low correlation with PCEWX (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO RAE US Small Fund (PMJIX) (Small Cap Value Equities) with a 1Y correlation of 0.30, up from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO RAE US Small Fund | 0.30 | 0.21 | 0.15 | 72 | Small Cap Value Equities | PCEWX vs PMJIX | |
| Miller Intermediate Bond Fund | 0.42 | 0.30 | 0.28 | 91 | Corporate Bonds | PCEWX vs MIFIX | |
| Vanguard Short-Term Corporate Bond Index Fund Inst... | 0.78 | 0.84 | 0.85 | 81 | Corporate Bonds | PCEWX vs VSTBX | |
| Vanguard Short-Term Corporate Bond Index Fund Admi... | 0.79 | 0.84 | 0.85 | 78 | Corporate Bonds | PCEWX vs VSCSX |
Diversification Analysis
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