Looking to diversify beyond PCRPX? The mutual funds below have historically moved differently from PCRPX, 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 PCRPX
2 mutual funds have low correlation with PCRPX (below 0.3), 1 of which are negatively correlated. The least correlated is PIMCO Income Fund Institutional Class (PIMIX) (Multisector Bonds) with a 1Y correlation of -0.19, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Income Fund Institutional Class | -0.19 | 0.04 | 0.13 | 52 | Multisector Bonds | PCRPX vs PIMIX | |
| PIMCO RAE US Small Fund | 0.00 | 0.11 | 0.23 | 86 | Small Cap Value Equities | PCRPX vs PMJIX | |
| Fidelity Global Commodity Stock Fund | 0.62 | 0.60 | 0.61 | 88 | Commodities | PCRPX vs FFGCX | |
| Fidelity Advisor Global Commodity Stock Fund Class... | 0.62 | 0.60 | 0.61 | 88 | Commodities | PCRPX vs FIQRX | |
| Fidelity Advisor Global Commodity Stock Fund Class... | 0.62 | 0.60 | 0.61 | 86 | Commodities | PCRPX vs FCGCX |
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