Looking to diversify beyond PCIMX? The mutual funds below have the lowest correlation with PCIMX — 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 PCIMX.
Best Diversifiers for PCIMX
9 mutual funds have low correlation with PCIMX (below 0.3), 1 of which are negatively correlated. The least correlated is PIMCO Commodity Real Return Strategy Fund (PCRIX) (Commodities) with a 1Y correlation of -0.16, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | -0.16 | 0.01 | 0.02 | 78 | Commodities | PCIMX vs PCRIX | |
| PIMCO RAE US Small Fund | 0.17 | 0.14 | 0.07 | 60 | Small Cap Value Equities | PCIMX vs PMJIX | |
| DFA Short Term Municipal Bond Portfolio | 0.18 | 0.27 | 0.37 | 99 | Municipal Bonds | PCIMX vs DFSMX | |
| DFA NY Municipal Bond Portfolio | 0.21 | 0.32 | 0.42 | 99 | Municipal Bonds | PCIMX vs DNYMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.23 | 0.34 | 0.39 | 99 | Municipal Bonds | PCIMX vs USMSX |
See all 17 diversifiers for PCIMX
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