Looking to diversify beyond PCLCX? The mutual funds below have the lowest correlation with PCLCX — 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 PCLCX.
Best Diversifiers for PCLCX
1 mutual funds have low correlation with PCLCX (below 0.3), 0 of which are negatively correlated. The least correlated is PACE Municipal Fixed Income Investments (PCMNX) (Municipal Bonds) with a 1Y correlation of 0.24, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PACE Municipal Fixed Income Investments | 0.24 | 0.16 | 0.14 | 74 | Municipal Bonds | PCLCX vs PCMNX | |
| PACE Mortgage-Backed Securities Fixed Income Inves... | 0.32 | 0.21 | 0.20 | 54 | Intermediate Core Bond | PCLCX vs PCGTX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.36 | 0.39 | 0.44 | 92 | Emerging Markets Diversified | PCLCX vs EMPTX | |
| Baron Partners Fund | 0.48 | 0.57 | 0.68 | 72 | Large Cap Growth Equities | PCLCX vs BPTRX | |
| PACE Small/Medium Co Value Equity Investments | 0.48 | 0.54 | 0.66 | 55 | Small Cap Value Equities | PCLCX vs PCSVX |
See all 31 diversifiers for PCLCX
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