Looking to diversify beyond PTCIX? The mutual funds below have historically moved differently from PTCIX, 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 PTCIX
1 mutual funds have low correlation with PTCIX (below 0.3), 1 of which are negatively correlated. The least correlated is PIMCO Commodity Real Return Strategy Fund (PCRIX) (Commodities) with a 1Y correlation of -0.23, down from 0.04 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 | -0.23 | -0.01 | 0.04 | 69 | Commodities | PTCIX vs PCRIX | |
| PIMCO RAE US Small Fund | 0.37 | 0.30 | 0.18 | 86 | Small Cap Value Equities | PTCIX vs PMJIX | |
| Federated Hermes Opportunistic High Yield Bond Fun... | 0.41 | 0.46 | 0.45 | 59 | High Yield Bonds | PTCIX vs FHYTX | |
| PIMCO Income Fund Institutional Class | 0.86 | 0.85 | 0.79 | 52 | Multisector Bonds | PTCIX vs PIMIX |
Diversification Analysis
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