Looking to diversify beyond PCLCX? The mutual funds below have historically moved differently from PCLCX, 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 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 0.23, roughly unchanged from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PACE Municipal Fixed Income Investments | 0.23 | 0.15 | 0.14 | 66 | Municipal Bonds | PCLCX vs PCMNX | |
| PACE Mortgage-Backed Securities Fixed Income Inves... | 0.30 | 0.21 | 0.20 | 58 | Intermediate Core Bond | PCLCX vs PCGTX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.43 | 0.40 | 0.45 | 77 | Emerging Markets Equities | PCLCX vs EMPTX | |
| PACE Small/Medium Co Value Equity Investments | 0.46 | 0.53 | 0.65 | 74 | Small Cap Value Equities | PCLCX vs PCSVX | |
| Davis New York Venture Fund Class Y | 0.51 | 0.63 | 0.73 | 90 | Large Cap Growth Equities | PCLCX vs DNVYX |
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