Looking to diversify beyond PLSRX? The mutual funds below have the lowest correlation with PLSRX — 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 PLSRX.
Best Diversifiers for PLSRX
6 mutual funds have low correlation with PLSRX (below 0.3), 0 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of 0.08, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.08 | 0.31 | 0.23 | 99 | Multisector Bonds | PLSRX vs NWXEX | |
| CrossingBridge Responsible Credit Fund | 0.14 | 0.22 | — | 58 | Multisector Bonds | PLSRX vs CBRDX | |
| Nationwide Amundi Strategic Income Fund | 0.19 | 0.34 | 0.24 | 99 | Multisector Bonds | PLSRX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.25 | 0.26 | 0.27 | 97 | Multisector Bonds | PLSRX vs CBLDX | |
| Pacific Funds Ultra Short Income | 0.29 | 0.30 | 0.36 | 99 | Ultrashort Bond | PLSRX vs PLUIX |
See all 28 diversifiers for PLSRX
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