Looking to diversify beyond PLDTX? The mutual funds below have the lowest correlation with PLDTX — 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 PLDTX.
Best Diversifiers for PLDTX
6 mutual funds have low correlation with PLDTX (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 0.05, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | 0.05 | -0.00 | 0.33 | 68 | Short-Term Bond | PLDTX vs DFCFX | |
| PIMCO RAE US Small Fund | 0.15 | 0.08 | 0.07 | 72 | Small Cap Value Equities | PLDTX vs PMJIX | |
| Leader Short Term High Yield Bond Fund | 0.16 | 0.15 | 0.19 | 79 | Short-Term Bond | PLDTX vs LCCMX | |
| GuidePath Absolute Return Allocation Fund | 0.18 | 0.48 | 0.54 | 57 | Short-Term Bond | PLDTX vs GPARX | |
| DFA Short-Duration Real Return Portfolio | 0.22 | 0.22 | 0.35 | 98 | Short-Term Bond | PLDTX vs DFAIX |
See all 18 diversifiers for PLDTX
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