Looking to diversify beyond PDSZX? The mutual funds below have historically moved differently from PDSZX, 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 PDSZX
12 mutual funds have low correlation with PDSZX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of 0.05, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.05 | 0.20 | 0.24 | 88 | Municipal Bonds | PDSZX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.06 | 0.22 | 0.25 | 91 | Municipal Bonds | PDSZX vs DMREX | |
| abrdn Ultra Short Municipal Income Fund | 0.21 | 0.28 | 0.28 | 100 | Municipal Bonds | PDSZX vs ATOIX | |
| PGIM Jennison Small Company Fund | 0.21 | 0.14 | 0.10 | 72 | Small Cap Growth Equities | PDSZX vs PGOAX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.22 | 0.31 | — | 99 | Municipal Bonds | PDSZX vs DFABX |
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