Looking to diversify beyond PCQ? The mutual funds below have historically moved differently from PCQ, 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 PCQ
11 mutual funds have low correlation with PCQ (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 -0.06, down from 0.05 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 | -0.06 | 0.01 | 0.05 | 69 | Commodities | PCQ vs PCRIX | |
| abrdn Ultra Short Municipal Income Fund | 0.08 | 0.13 | 0.10 | 100 | Municipal Bonds | PCQ vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | 0.10 | 0.10 | 0.07 | 99 | Municipal Bonds | PCQ vs FHMIX | |
| Nuveen Massachusetts Quality Municipal Income Fund | 0.12 | 0.33 | 0.30 | 78 | Municipal Bonds | PCQ vs NMT | |
| DFA Short Term Municipal Bond Portfolio | 0.13 | 0.16 | 0.19 | 100 | Municipal Bonds | PCQ vs DFSMX |
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