Looking to diversify beyond PEDIX? The mutual funds below have the lowest correlation with PEDIX — 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 PEDIX.
Best Diversifiers for PEDIX
4 mutual funds have low correlation with PEDIX (below 0.3), 0 of which are negatively correlated. The least correlated is GMO U.S. Treasury Fund (GUSTX) (Government Bonds) with a 1Y correlation of 0.03, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.03 | 0.01 | 0.01 | 99 | Government Bonds | PEDIX vs GUSTX | |
| Federated Hermes Adjustable Rate Fund | 0.18 | 0.42 | 0.40 | 99 | Government Bonds | PEDIX vs FEUGX | |
| DFA Short-Term Government Portfolio | 0.21 | 0.08 | 0.27 | 59 | Government Bonds | PEDIX vs DFFGX | |
| PIMCO RAE US Small Fund | 0.27 | 0.22 | 0.05 | 67 | Small Cap Value Equities | PEDIX vs PMJIX | |
| Davis Government Bond Fund | 0.31 | 0.45 | 0.49 | 74 | Government Bonds | PEDIX vs RFBAX |
See all 15 diversifiers for PEDIX
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Diversification Analysis
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