Looking to diversify beyond PCIEX? The mutual funds below have the lowest correlation with PCIEX — 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 PCIEX.
Best Diversifiers for PCIEX
0 mutual funds have low correlation with PCIEX (below 0.3), 0 of which are negatively correlated. The least correlated is PACE Municipal Fixed Income Investments (PCMNX) (Municipal Bonds) with a 1Y correlation of 0.30, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PACE Municipal Fixed Income Investments | 0.30 | 0.26 | 0.21 | 75 | Municipal Bonds | PCIEX vs PCMNX | |
| PACE Mortgage-Backed Securities Fixed Income Inves... | 0.39 | 0.36 | 0.31 | 55 | Intermediate Core Bond | PCIEX vs PCGTX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.56 | 0.58 | 0.62 | 86 | Emerging Markets Diversified | PCIEX vs EMPTX | |
| Federated Hermes International Strategic Value Div... | 0.58 | 0.63 | 0.72 | 63 | Foreign Large Cap Equities | PCIEX vs IVFIX | |
| American Beacon Tocqueville International Value Fu... | 0.60 | 0.65 | 0.76 | 84 | Foreign Large Cap Equities | PCIEX vs TIVFX |
See all 17 diversifiers for PCIEX
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Diversification Analysis
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