Looking to diversify beyond PCF? The mutual funds below have the lowest correlation with PCF — 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 PCF.
Best Diversifiers for PCF
8 mutual funds have low correlation with PCF (below 0.3), 0 of which are negatively correlated. The least correlated is The Gabelli Convertible and Income Securities Fund Inc (GCV) (Convertible Bonds) with a 1Y correlation of 0.24, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| The Gabelli Convertible and Income Securities Fund... | 0.24 | 0.26 | 0.26 | 86 | Convertible Bonds | PCF vs GCV | |
| Calamos Convertible Opportunities and Income Fund | 0.26 | 0.29 | 0.33 | 69 | Convertible Bonds | PCF vs CHI | |
| Lord Abbett Convertible Fund | 0.26 | 0.32 | 0.35 | 87 | Convertible Bonds | PCF vs LCFYX | |
| Lord Abbett Convertible Fund Class F3 | 0.26 | 0.32 | 0.36 | 87 | Convertible Bonds | PCF vs LOCFX | |
| Virtus Convertible Fund | 0.28 | 0.34 | 0.38 | 93 | Convertible Bonds | PCF vs ANNPX |
See all 13 diversifiers for PCF
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