Looking to diversify beyond PCIFX? The mutual funds below have the lowest correlation with PCIFX — 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 PCIFX.
Best Diversifiers for PCIFX
1 mutual funds have low correlation with PCIFX (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 0.14, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| UBS Emerging Markets Equity Opportunity Fund | 0.14 | 0.11 | 0.06 | 86 | Emerging Markets Diversified | PCIFX vs EMPTX | |
| UBS U.S. Allocation Fund | 0.44 | 0.40 | 0.30 | 58 | Diversified Portfolio | PCIFX vs PWTYX | |
| UBS Global Allocation Fund | 0.48 | 0.43 | 0.33 | 66 | Global Allocation | PCIFX vs BPGLX | |
| PACE Municipal Fixed Income Investments | 0.52 | 0.62 | 0.54 | 76 | Municipal Bonds | PCIFX vs PCMNX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.67 | 0.71 | 0.68 | 61 | Intermediate Core Bond | PCIFX vs STWTX |
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