Looking to diversify beyond PCSFX? The mutual funds below have historically moved differently from PCSFX, 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 PCSFX
0 mutual funds have low correlation with PCSFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Advisor Convertible Securities Fund Class I (FICVX) (Convertible Bonds) with a 1Y correlation of 0.36, roughly unchanged from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Advisor Convertible Securities Fund Class... | 0.36 | 0.32 | 0.33 | 53 | Convertible Bonds | PCSFX vs FICVX | |
| Calamos Convertible Fund | 0.36 | 0.33 | 0.36 | 70 | Convertible Bonds | PCSFX vs CCVIX | |
| Fidelity Advisor Convertible Securities Fund Class... | 0.36 | 0.32 | 0.33 | 54 | Convertible Bonds | PCSFX vs FIQVX | |
| Calamos Convertible Fund | 0.36 | 0.33 | 0.36 | 72 | Convertible Bonds | PCSFX vs CICVX | |
| Fidelity Advisor Convertible Securities Fund Class... | 0.36 | 0.32 | 0.33 | 52 | Convertible Bonds | PCSFX vs FACVX |
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