Looking to diversify beyond PCKPX? The mutual funds below have the lowest correlation with PCKPX — 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 PCKPX.
Best Diversifiers for PCKPX
1 mutual funds have low correlation with PCKPX (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 -0.04, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | -0.04 | 0.12 | 0.18 | 75 | Commodities | PCKPX vs PCRIX | |
| Auer Growth Fund | 0.76 | 0.80 | 0.82 | 90 | Small Cap Blend Equities | PCKPX vs AUERX | |
| Voya Index Plus SmallCap Portfolio | 0.81 | 0.87 | 0.92 | 77 | Small Cap Blend Equities | PCKPX vs IPSIX | |
| River Oak Discovery Fund | 0.84 | 0.88 | 0.90 | 90 | Small Cap Blend Equities | PCKPX vs RIVSX | |
| Paradigm Micro-cap Fund | 0.85 | 0.86 | 0.89 | 53 | Small Cap Blend Equities | PCKPX vs PVIVX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PCKPX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PCKPX and solid risk/return profiles. The least correlated is The Goldman Sachs Group, Inc. (GS) (Financial Services) with a 1Y correlation of 0.62, roughly unchanged from 0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Goldman Sachs Group, Inc. | 0.62 | 0.67 | 0.69 | 90 | Financial Services |
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