Looking to diversify beyond PCSVX? The mutual funds below have historically moved differently from PCSVX, 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 PCSVX
1 mutual funds have low correlation with PCSVX (below 0.3), 0 of which are negatively correlated. The least correlated is UBS Emerging Markets Equity Opportunity Fund (EMPTX) (Emerging Markets Equities) with a 1Y correlation of 0.28, down from 0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| UBS Emerging Markets Equity Opportunity Fund | 0.28 | 0.34 | 0.41 | 77 | Emerging Markets Equities | PCSVX vs EMPTX | |
| Aegis Value Fund Class I | 0.32 | 0.46 | 0.54 | 94 | Small Cap Value Equities | PCSVX vs AVALX | |
| PACE Municipal Fixed Income Investments | 0.35 | 0.20 | 0.14 | 66 | Municipal Bonds | PCSVX vs PCMNX | |
| PACE International Emerging Markets Equity Investm... | 0.35 | 0.40 | 0.48 | 83 | Emerging Markets Equities | PCSVX vs PCEMX | |
| PACE Mortgage-Backed Securities Fixed Income Inves... | 0.36 | 0.27 | 0.21 | 58 | Intermediate Core Bond | PCSVX vs PCGTX |
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