Looking to diversify beyond PCTIX? The mutual funds below have historically moved differently from PCTIX, 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 PCTIX
13 mutual funds have low correlation with PCTIX (below 0.3), 3 of which are negatively correlated. The least correlated is PIMCO Commodity Real Return Strategy Fund (PCRIX) (Commodities) with a 1Y correlation of -0.21, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | -0.21 | -0.03 | 0.02 | 69 | Commodities | PCTIX vs PCRIX | |
| DFA Municipal Real Return Portfolio | -0.02 | 0.18 | 0.22 | 94 | Municipal Bonds | PCTIX vs DMREX | |
| DFA California Municipal Real Return Portfolio | -0.02 | 0.15 | 0.20 | 91 | Municipal Bonds | PCTIX vs DCARX | |
| DFA Short Term Municipal Bond Portfolio | 0.18 | 0.26 | 0.34 | 100 | Municipal Bonds | PCTIX vs DFSMX | |
| PIMCO RAE US Small Fund | 0.20 | 0.15 | 0.08 | 86 | Small Cap Value Equities | PCTIX vs PMJIX |
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