Looking to diversify beyond PLSDX? The mutual funds below have the lowest correlation with PLSDX — 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 PLSDX.
Best Diversifiers for PLSDX
6 mutual funds have low correlation with PLSDX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.05, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.05 | 0.08 | 0.21 | 79 | Short-Term Bond | PLSDX vs LCCMX | |
| DFA Two-Year Fixed Income Portfolio | 0.07 | 0.05 | 0.37 | 68 | Short-Term Bond | PLSDX vs DFCFX | |
| Pacific Funds Floating Rate Income | 0.17 | 0.17 | 0.21 | 82 | Bank Loan | PLSDX vs PLFRX | |
| GuidePath Absolute Return Allocation Fund | 0.19 | 0.59 | 0.65 | 57 | Short-Term Bond | PLSDX vs GPARX | |
| DFA Short-Duration Real Return Portfolio | 0.25 | 0.27 | 0.38 | 98 | Short-Term Bond | PLSDX vs DFAIX |
See all 27 diversifiers for PLSDX
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