Looking to diversify beyond PCM? The mutual funds below have historically moved differently from PCM, 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 PCM
2 mutual funds have low correlation with PCM (below 0.3), 1 of which are negatively correlated. The least correlated is PIMCO Commodity Real Return Strategy Fund (PCRIX) (Commodities) with a 1Y correlation of -0.02, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | -0.02 | 0.06 | 0.08 | 70 | Commodities | PCM vs PCRIX | |
| PIMCO RAE US Small Fund | 0.27 | 0.22 | 0.26 | 85 | Small Cap Value Equities | PCM vs PMJIX |
Diversification Analysis
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