Looking to diversify beyond PESPX? The mutual funds below have the lowest correlation with PESPX — 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 PESPX.
Best Diversifiers for PESPX
0 mutual funds have low correlation with PESPX (below 0.3), 0 of which are negatively correlated. The least correlated is BNY Mellon Natural Resources Fund Class A (DNLAX) (Energy Equities) with a 1Y correlation of 0.51, down from 0.64 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Natural Resources Fund Class A | 0.51 | 0.62 | 0.64 | 89 | Energy Equities | PESPX vs DNLAX | |
| BNY Mellon Technology Growth Fund | 0.60 | 0.63 | 0.70 | 79 | Technology Equities | PESPX vs DTGRX | |
| BNY Mellon Global Real Return Fund - Class I | 0.61 | 0.63 | 0.59 | 79 | Tactical Allocation | PESPX vs DRRIX | |
| Quantified Common Ground Fund | 0.74 | 0.82 | 0.83 | 61 | Mid Cap Blend Equities | PESPX vs QCGDX | |
| Gotham Enhanced Return Fund | 0.74 | 0.77 | 0.82 | 83 | Mid Cap Blend Equities | PESPX vs GENIX |
See all 24 diversifiers for PESPX
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