Looking to diversify beyond PCGLX? The mutual funds below have the lowest correlation with PCGLX — 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 PCGLX.
Best Diversifiers for PCGLX
0 mutual funds have low correlation with PCGLX (below 0.3), 0 of which are negatively correlated. The least correlated is UBS Emerging Markets Equity Opportunity Fund (EMPTX) (Emerging Markets Diversified) with a 1Y correlation of 0.35, up from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| UBS Emerging Markets Equity Opportunity Fund | 0.35 | 0.27 | 0.25 | 93 | Emerging Markets Diversified | PCGLX vs EMPTX | |
| T. Rowe Price Global Multi-Sector Bond Fund | 0.45 | 0.66 | 0.69 | 89 | Global Bonds | PCGLX vs PRSNX | |
| PACE Municipal Fixed Income Investments | 0.47 | 0.56 | 0.52 | 73 | Municipal Bonds | PCGLX vs PCMNX | |
| UBS US Dividend Ruler Fund | 0.48 | 0.29 | 0.27 | 59 | Large Cap Value Equities | PCGLX vs DVRUX | |
| Destinations Global Fixed Income Opportunities Fun... | 0.49 | 0.48 | 0.45 | 98 | Global Bonds | PCGLX vs DGFFX |
See all 13 diversifiers for PCGLX
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