Looking to diversify beyond PCRIX? The mutual funds below have historically moved differently from PCRIX, 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 PCRIX
68 mutual funds have low correlation with PCRIX (below 0.3), 39 of which are negatively correlated. The least correlated is PIMCO Diversified Income Fund Class A (PDVAX) (Multisector Bonds) with a 1Y correlation of -0.25, 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 Diversified Income Fund Class A | -0.25 | -0.02 | 0.08 | 50 | Multisector Bonds | PCRIX vs PDVAX | |
| PIMCO Diversified Income Fund | -0.25 | -0.02 | 0.08 | 61 | Multisector Bonds | PCRIX vs PDIIX | |
| PIMCO Preferred and Capital Securities Fund | -0.25 | 0.00 | 0.10 | 68 | Preferred Stock | PCRIX vs PFINX | |
| PIMCO Emerging Markets Bond Fund | -0.24 | 0.02 | 0.10 | 81 | Emerging Markets Bonds | PCRIX vs PEBIX | |
| PIMCO High Yield Municipal Bond Fund | -0.24 | -0.03 | 0.02 | 86 | High Yield Muni | PCRIX vs PHMIX |
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