Looking to diversify beyond PCIEX? The mutual funds below have historically moved differently from PCIEX, 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 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 0.31, roughly unchanged from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PACE Municipal Fixed Income Investments | 0.31 | 0.25 | 0.21 | 66 | Municipal Bonds | PCIEX vs PCMNX | |
| PACE Mortgage-Backed Securities Fixed Income Inves... | 0.40 | 0.36 | 0.32 | 58 | Intermediate Core Bond | PCIEX vs PCGTX | |
| Federated Hermes International Strategic Value Div... | 0.54 | 0.62 | 0.71 | 88 | Foreign Large Cap Equities | PCIEX vs IVFIX | |
| Kopernik International Fund | 0.56 | 0.49 | 0.59 | 66 | Foreign Large Cap Equities | PCIEX vs KGIIX | |
| PACE Small/Medium Co Value Equity Investments | 0.57 | 0.57 | 0.64 | 74 | Small Cap Value Equities | PCIEX vs PCSVX |
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