Looking to diversify beyond PCLPX? The mutual funds below have historically moved differently from PCLPX, 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 PCLPX
2 mutual funds have low correlation with PCLPX (below 0.3), 2 of which are negatively correlated. The least correlated is PIMCO Income Fund Institutional Class (PIMIX) (Multisector Bonds) with a 1Y correlation of -0.42, down from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Income Fund Institutional Class | -0.43 | -0.17 | -0.03 | 52 | Multisector Bonds | PCLPX vs PIMIX | |
| PIMCO RAE US Small Fund | -0.09 | 0.06 | 0.23 | 86 | Small Cap Value Equities | PCLPX vs PMJIX | |
| Fidelity Advisor Global Commodity Stock Fund Class... | 0.52 | 0.54 | 0.60 | 86 | Commodities | PCLPX vs FFGTX | |
| Fidelity Advisor Global Commodity Stock Fund Class... | 0.52 | 0.54 | 0.60 | 86 | Commodities | PCLPX vs FCGCX | |
| Fidelity Advisor Global Commodity Stock Fund Class... | 0.52 | 0.54 | 0.60 | 87 | Commodities | PCLPX vs FFGIX |
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