Looking to diversify beyond PCMNX? The mutual funds below have the lowest correlation with PCMNX — 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 PCMNX.
Best Diversifiers for PCMNX
15 mutual funds have low correlation with PCMNX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Municipal Real Return Portfolio (DMREX) (Municipal Bonds) with a 1Y correlation of 0.05, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Municipal Real Return Portfolio | 0.05 | 0.24 | 0.26 | 95 | Municipal Bonds | PCMNX vs DMREX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05 | 0.12 | 0.09 | 98 | Municipal Bonds | PCMNX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.14 | 0.12 | 0.10 | 99 | Municipal Bonds | PCMNX vs TFCYX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.15 | 0.14 | 0.13 | 93 | Emerging Markets Diversified | PCMNX vs EMPTX | |
| DFA Short Term Municipal Bond Portfolio | 0.15 | 0.27 | 0.39 | 99 | Municipal Bonds | PCMNX vs DFSMX |
See all 25 diversifiers for PCMNX
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