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
1 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 0.24, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PACE Municipal Fixed Income Investments | 0.24 | 0.25 | 0.20 | 70 | Municipal Bonds | PCIEX vs PCMNX | |
| PACE Mortgage-Backed Securities Fixed Income Inves... | 0.36 | 0.35 | 0.31 | 50 | Intermediate Core Bond | PCIEX vs PCGTX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.53 | 0.58 | 0.62 | 93 | Emerging Markets Diversified | PCIEX vs EMPTX | |
| Kopernik International Fund | 0.55 | 0.49 | 0.60 | 82 | Foreign Large Cap Equities | PCIEX vs KGIIX | |
| UBS US Dividend Ruler Fund | 0.58 | 0.57 | 0.65 | 70 | Large Cap Value Equities | PCIEX vs DVRUX |
See all 18 diversifiers for PCIEX
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