Looking to diversify beyond PCN? The mutual funds below have the lowest correlation with PCN — 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 PCN.
Best Diversifiers for PCN
49 mutual funds have low correlation with PCN (below 0.3), 6 of which are negatively correlated. The least correlated is PIMCO CommoditiesPLUS Strategy Fund (PCLAX) (Commodities) with a 1Y correlation of -0.15, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO CommoditiesPLUS Strategy Fund | -0.15 | 0.03 | 0.07 | 74 | Commodities | PCN vs PCLAX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.15 | 0.03 | 0.08 | 75 | Commodities | PCN vs PCLIX | |
| PIMCO CommoditiesPLUS Strategy I2 | -0.15 | 0.03 | 0.07 | 75 | Commodities | PCN vs PCLPX | |
| PIMCO Commodity Real Return Strategy Fund | -0.08 | 0.09 | 0.12 | 75 | Commodities | PCN vs PCRIX | |
| PIMCO Commodity Real Return Strategy Fund Class A | -0.07 | 0.09 | 0.12 | 73 | Commodities | PCN vs PCRAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PCN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PCN and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.03, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.03 | 0.10 | 0.16 | 63 | Consumer Defensive | |
| AbbVie Inc. | 0.06 | 0.10 | 0.11 | 62 | Healthcare | |
| DNP Select Income Fund Inc. | 0.12 | 0.27 | 0.26 | 83 | Financial Services | |
| StoneX Group Inc. | 0.19 | 0.16 | 0.20 | 87 | Financial Services | |
| Reaves Utility Income Trust | 0.19 | 0.27 | 0.32 | 78 | Financial Services |
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