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
1 mutual funds have low correlation with PCLVX (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 0.27, up from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PACE Municipal Fixed Income Investments | 0.27 | 0.18 | 0.12 | 73 | Municipal Bonds | PCLVX vs PCMNX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.31 | 0.37 | 0.45 | 93 | Emerging Markets Diversified | PCLVX vs EMPTX | |
| PACE Alternative Strategies Investments | 0.54 | 0.65 | 0.68 | 51 | Multistrategy | PCLVX vs PASIX | |
| Federated Hermes Strategic Value Dividend Fund | 0.55 | 0.66 | 0.75 | 80 | Large Cap Value Equities | PCLVX vs SVAIX | |
| BNY Mellon Equity Income Fund | 0.59 | 0.70 | 0.82 | 89 | Large Cap Value Equities | PCLVX vs DQIRX |
See all 30 diversifiers for PCLVX
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