Looking to diversify beyond PCLIX? The mutual funds below have the lowest correlation with PCLIX — 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 PCLIX.
Best Diversifiers for PCLIX
12 mutual funds have low correlation with PCLIX (below 0.3), 12 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 -0.39, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Emerging Markets Bond Fund Admiral Shares | -0.39 | -0.10 | 0.00 | 89 | Emerging Markets Bonds | PCLIX vs VEGBX | |
| Fidelity Small Cap Index Fund | -0.14 | 0.05 | 0.16 | 72 | Small Cap Blend Equities | PCLIX vs FSSNX | |
| Fidelity Growth Company K6 Fund | -0.13 | 0.04 | 0.10 | 81 | Large Cap Growth Equities | PCLIX vs FGKFX | |
| LSV Small Cap Value Fund | -0.12 | 0.06 | 0.19 | 58 | Small Cap Value Equities | PCLIX vs LSVQX | |
| Carillon Scout Mid Cap Fund | -0.11 | 0.07 | 0.21 | 54 | Mid Cap Blend Equities | PCLIX vs UMBMX |
See all 23 diversifiers for PCLIX
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Diversification Analysis
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