Looking to diversify beyond PCFAX? The mutual funds below have historically moved differently from PCFAX, 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 PCFAX
1 mutual funds have low correlation with PCFAX (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 -0.01, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | -0.01 | 0.11 | 0.24 | 70 | Commodities | PCFAX vs PCRIX | |
| Aegis Value Fund Class I | 0.39 | 0.49 | 0.60 | 94 | Small Cap Value Equities | PCFAX vs AVALX | |
| Palm Valley Capital Fund Investor Class | 0.66 | 0.65 | 0.64 | 72 | Small Cap Value Equities | PCFAX vs PVCMX | |
| North Star Dividend Fund | 0.70 | 0.77 | 0.82 | 70 | Small Cap Value Equities | PCFAX vs NSDVX | |
| Bridgeway Ultra Small Company Market Fund | 0.71 | 0.77 | 0.79 | 74 | Small Cap Value Equities | PCFAX vs BRSIX |
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