Looking to diversify beyond PCLIX? The mutual funds below have historically moved differently from PCLIX, 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 PCLIX
14 mutual funds have low correlation with PCLIX (below 0.3), 14 of which are negatively correlated. The least correlated is Vanguard Emerging Markets Bond Fund Admiral Shares (VEGBX) (Emerging Markets Bonds) with a 1Y correlation of -0.41, down from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Emerging Markets Bond Fund Admiral Shares | -0.41 | -0.13 | -0.00 | 82 | Emerging Markets Bonds | PCLIX vs VEGBX | |
| LSV Small Cap Value Fund | -0.18 | 0.03 | 0.16 | 85 | Small Cap Value Equities | PCLIX vs LSVQX | |
| Fidelity Small Cap Index Fund | -0.14 | 0.03 | 0.14 | 76 | Small Cap Blend Equities | PCLIX vs FSSNX | |
| T. Rowe Price Overseas Stock Fund | -0.13 | 0.06 | 0.18 | 60 | Foreign Large Cap Equities | PCLIX vs TROSX | |
| Dodge & Cox Stock Fund Class I | -0.13 | 0.01 | 0.18 | 60 | Large Cap Value Equities | PCLIX vs DODGX |
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