Looking to diversify beyond PBSMX? The mutual funds below have the lowest correlation with PBSMX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PBSMX.
Best Diversifiers for PBSMX
11 mutual funds have low correlation with PBSMX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two-Year Fixed Income Portfolio (DFCFX) (Short-Term Bond) with a 1Y correlation of 0.03, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | 0.03 | 0.01 | 0.37 | 65 | Short-Term Bond | PBSMX vs DFCFX | |
| PGIM Jennison Natural Resources Fund | 0.16 | 0.13 | 0.07 | 69 | Energy Equities | PBSMX vs PGNAX | |
| Leader Short Term High Yield Bond Fund | 0.18 | 0.17 | 0.23 | 80 | Short-Term Bond | PBSMX vs LCCMX | |
| PGIM Jennison Emerging Markets Equity Opportunitie... | 0.20 | 0.13 | 0.13 | 60 | Emerging Markets Diversified | PBSMX vs PDEZX | |
| PGIM Securitized Credit Fund | 0.24 | 0.12 | 0.13 | 99 | Nontraditional Bonds | PBSMX vs SCFZX |
See all 52 diversifiers for PBSMX
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