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
60 mutual funds have low correlation with PCRIX (below 0.3), 31 of which are negatively correlated. The least correlated is PIMCO Preferred and Capital Securities Fund (PFINX) (Preferred Stock/Convertible Bonds) with a 1Y correlation of -0.21, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Preferred and Capital Securities Fund | -0.21 | 0.03 | 0.11 | 73 | Preferred Stock/Convertible Bonds | PCRIX vs PFINX | |
| PIMCO High Yield Municipal Bond Fund | -0.21 | -0.01 | 0.02 | 81 | High Yield Muni | PCRIX vs PHMIX | |
| PIMCO Emerging Markets Bond Fund | -0.21 | 0.04 | 0.10 | 87 | Emerging Markets Bonds | PCRIX vs PEBIX | |
| PIMCO Diversified Income Fund Class A | -0.20 | 0.01 | 0.09 | 62 | Multisector Bonds | PCRIX vs PDVAX | |
| PIMCO Diversified Income Fund | -0.19 | 0.01 | 0.08 | 66 | Multisector Bonds | PCRIX vs PDIIX |
See all 83 diversifiers for PCRIX
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Diversification Analysis
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