Looking to diversify beyond PCLVX? The mutual funds below have the lowest correlation with PCLVX — 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 PCLVX.
Best Diversifiers for PCLVX
3 mutual funds have low correlation with PCLVX (below 0.3), 0 of which are negatively correlated. The least correlated is PACE Mortgage-Backed Securities Fixed Income Investments (PCGTX) (Intermediate Core Bond) with a 1Y correlation of 0.19, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PACE Mortgage-Backed Securities Fixed Income Inves... | 0.19 | 0.23 | 0.18 | 55 | Intermediate Core Bond | PCLVX vs PCGTX | |
| PACE Municipal Fixed Income Investments | 0.24 | 0.18 | 0.12 | 74 | Municipal Bonds | PCLVX vs PCMNX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.29 | 0.38 | 0.45 | 94 | Emerging Markets Diversified | PCLVX vs EMPTX | |
| Voya Corporate Leaders Trust Fund | 0.44 | 0.63 | 0.72 | 53 | Large Cap Value Equities | PCLVX vs LEXCX | |
| Buffalo Flexible Income Fund | 0.53 | 0.69 | 0.78 | 71 | Large Cap Value Equities | PCLVX vs BUFBX |
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