Looking to diversify beyond PSDIX? The mutual funds below have the lowest correlation with PSDIX — 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 PSDIX.
Best Diversifiers for PSDIX
11 mutual funds have low correlation with PSDIX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of 0.00, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.00 | 0.19 | 0.21 | 95 | Municipal Bonds | PSDIX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.04 | 0.21 | 0.22 | 94 | Municipal Bonds | PSDIX vs DMREX | |
| PIMCO RAE US Small Fund | 0.12 | 0.09 | 0.05 | 72 | Small Cap Value Equities | PSDIX vs PMJIX | |
| DFA NY Municipal Bond Portfolio | 0.16 | 0.32 | 0.42 | 99 | Municipal Bonds | PSDIX vs DNYMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.21 | 0.31 | 0.38 | 99 | Municipal Bonds | PSDIX vs USMSX |
See all 23 diversifiers for PSDIX
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