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Penn Capital Special Situations Small Cap Equity Fund (PSCNX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in the equity securities of small-capitalization companies. Small-capitalization companies are defined for this purpose as companies with market capitalizations at the time of purchase between the lesser of $100 million or the market capitalization of the smallest company included in the Russell 2000 Index and the greater of $4 billion or the market capitalization of the largest company included in the Russell 2000 Index.

Looking to diversify beyond PSCNX? The mutual funds below have the lowest correlation with PSCNX — 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 PSCNX.

Best Diversifiers for PSCNX

0 mutual funds have low correlation with PSCNX (below 0.3), 0 of which are negatively correlated. The least correlated is Penn Capital Short Duration High Income Fund (PSHNX) (High Yield Bonds) with a 1Y correlation of 0.52, roughly unchanged from 0.50 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
PSHNX
Penn Capital Short Duration High Income Fund0.520.520.50
96
High Yield BondsPSCNX vs PSHNX
DMCRX
Driehaus Micro Cap Growth Fund0.800.840.85
80
Small Cap Growth EquitiesPSCNX vs DMCRX
CTSIX
Calamos Timpani Small Cap Growth Fund0.810.830.85
75
Small Cap Growth EquitiesPSCNX vs CTSIX
NESIX
Needham Small Cap Growth Fund Institutional0.820.840.83
95
Small Cap Growth EquitiesPSCNX vs NESIX
NESGX
Needham Small Cap Growth Fund0.820.840.83
95
Small Cap Growth EquitiesPSCNX vs NESGX
See all 14 diversifiers for PSCNX

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