Looking to diversify beyond PSDIX? The mutual funds below have historically moved differently from PSDIX, 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 PSDIX
12 mutual funds have low correlation with PSDIX (below 0.3), 1 of which are negatively correlated. The least correlated is PIMCO Commodity Real Return Strategy Fund (PCRIX) (Commodities) with a 1Y correlation of -0.13, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | -0.13 | -0.01 | 0.03 | 69 | Commodities | PSDIX vs PCRIX | |
| DFA California Municipal Real Return Portfolio | 0.00 | 0.18 | 0.21 | 91 | Municipal Bonds | PSDIX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.05 | 0.21 | 0.23 | 94 | Municipal Bonds | PSDIX vs DMREX | |
| PIMCO RAE US Small Fund | 0.14 | 0.10 | 0.06 | 86 | Small Cap Value Equities | PSDIX vs PMJIX | |
| DFA NY Municipal Bond Portfolio | 0.21 | 0.33 | 0.42 | 99 | Municipal Bonds | PSDIX vs DNYMX |
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