Looking to diversify beyond PCRIX? The mutual funds below have the lowest correlation with PCRIX — 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 PCRIX.
Best Diversifiers for PCRIX
55 mutual funds have low correlation with PCRIX (below 0.3), 31 of which are negatively correlated. The least correlated is PIMCO Emerging Markets Bond Fund (PEBIX) (Emerging Markets Bonds) with a 1Y correlation of -0.24, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Emerging Markets Bond Fund | -0.24 | 0.05 | 0.11 | 88 | Emerging Markets Bonds | PCRIX vs PEBIX | |
| PIMCO Preferred and Capital Securities Fund | -0.24 | 0.04 | 0.12 | 74 | Preferred Stock/Convertible Bonds | PCRIX vs PFINX | |
| PIMCO Diversified Income Fund Class A | -0.22 | 0.02 | 0.09 | 58 | Multisector Bonds | PCRIX vs PDVAX | |
| PIMCO Diversified Income Fund | -0.22 | 0.02 | 0.09 | 64 | Multisector Bonds | PCRIX vs PDIIX | |
| PIMCO High Yield Spectrum Fund | -0.21 | 0.07 | 0.17 | 60 | High Yield Bonds | PCRIX vs PHSPX |
See all 89 diversifiers for PCRIX
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