Looking to diversify beyond PEOPX? The mutual funds below have historically moved differently from PEOPX, 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 PEOPX
8 mutual funds have low correlation with PEOPX (below 0.3), 0 of which are negatively correlated. The least correlated is BNY Mellon Short-Intermediate Municipal Bond Fund (DSIBX) (Municipal Bonds) with a 1Y correlation of 0.15, roughly unchanged from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Short-Intermediate Municipal Bond Fund | 0.15 | 0.14 | 0.10 | 72 | Municipal Bonds | PEOPX vs DSIBX | |
| BNY Mellon New Jersey Municipal Bond Fund Class A | 0.21 | 0.14 | 0.12 | 74 | Municipal Bonds | PEOPX vs DRNJX | |
| BNY Mellon High Yield Municipal Bond Fund | 0.21 | 0.14 | 0.12 | 89 | High Yield Muni | PEOPX vs DHMBX | |
| BNY MellonCalifornia AMT-Free Municipal Bond Fund | 0.22 | 0.15 | 0.12 | 75 | Municipal Bonds | PEOPX vs DRCAX | |
| BNY Mellon Opportunistic Municipal Securities Fund | 0.22 | 0.14 | 0.13 | 87 | Municipal Bonds | PEOPX vs PTEBX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PEOPX
Add PEOPX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PEOPX