Looking to diversify beyond PCLAX? The mutual funds below have the lowest correlation with PCLAX — 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 PCLAX.
Best Diversifiers for PCLAX
5 mutual funds have low correlation with PCLAX (below 0.3), 5 of which are negatively correlated. The least correlated is iShares S&P 500 Index Fund (WFSPX) (S&P 500) with a 1Y correlation of -0.15, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P 500 Index Fund | -0.15 | 0.03 | 0.14 | 73 | S&P 500 | PCLAX vs WFSPX | |
| Causeway International Small Cap Fund | -0.10 | 0.13 | 0.26 | 60 | Foreign Small & Mid Cap Equities | PCLAX vs CVISX | |
| PIMCO RAE US Small Fund | -0.09 | 0.09 | 0.25 | 67 | Small Cap Value Equities | PCLAX vs PMJIX | |
| Goldman Sachs Emerging Markets Equity Fund | -0.07 | 0.16 | 0.22 | 89 | Emerging Markets Diversified | PCLAX vs GEMIX | |
| Eaton Vance Global Macro Absolute Return Advantage... | -0.02 | 0.06 | 0.05 | 97 | Nontraditional Bonds | PCLAX vs EGRIX |
See all 40 diversifiers for PCLAX
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