Looking to diversify beyond PLSDX? The mutual funds below have historically moved differently from PLSDX, 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 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 0.00, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.00 | 0.05 | 0.20 | 84 | Short-Term Bond | PLSDX vs LCCMX | |
| GuidePath Absolute Return Allocation Fund | 0.09 | 0.54 | 0.62 | 69 | Short-Term Bond | PLSDX vs GPARX | |
| Pacific Funds Floating Rate Income | 0.15 | 0.16 | 0.20 | 89 | Bank Loan | PLSDX vs PLFRX | |
| DFA Two-Year Fixed Income Portfolio | 0.24 | 0.08 | 0.38 | 100 | Short-Term Bond | PLSDX vs DFCFX | |
| GuidepathConservative Income Fund | 0.26 | 0.36 | 0.43 | 99 | Short-Term Bond | PLSDX vs GPICX |
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