Looking to diversify beyond PCLAX? The mutual funds below have historically moved differently from PCLAX, 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 PCLAX
7 mutual funds have low correlation with PCLAX (below 0.3), 7 of which are negatively correlated. The least correlated is PIMCO StocksPLUS International Fund (Unhedged) (PSKIX) (Foreign Large Cap Equities) with a 1Y correlation of -0.18, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO StocksPLUS International Fund (Unhedged) | -0.18 | 0.02 | 0.16 | 55 | Foreign Large Cap Equities | PCLAX vs PSKIX | |
| MFS Mid Cap Value Fund | -0.15 | 0.00 | 0.17 | 51 | Mid Cap Value Equities | PCLAX vs MVCAX | |
| iShares S&P 500 Index Fund Class K | -0.13 | 0.01 | 0.12 | 59 | S&P 500 | PCLAX vs WFSPX | |
| PIMCO RAE US Small Fund | -0.10 | 0.06 | 0.23 | 85 | Small Cap Value Equities | PCLAX vs PMJIX | |
| Goldman Sachs Emerging Markets Equity Fund | -0.04 | 0.15 | 0.20 | 56 | Emerging Markets Equities | PCLAX vs GEMIX |
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