Looking to diversify beyond PSDSX? The mutual funds below have the lowest correlation with PSDSX — 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 PSDSX.
Best Diversifiers for PSDSX
24 mutual funds have low correlation with PSDSX (below 0.3), 2 of which are negatively correlated. The least correlated is Tactical Multi-Purpose Fund (TMPFX) (Ultrashort Bond) with a 1Y correlation of -0.03, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | -0.03 | -0.04 | 0.01 | 100 | Ultrashort Bond | PSDSX vs TMPFX | |
| CrossingBridge Ultra-Short Duration Fund | -0.02 | 0.14 | — | 99 | Ultrashort Bond | PSDSX vs CBUDX | |
| PIMCO Short Asset Investment Fund | 0.00 | 0.07 | 0.10 | 100 | Ultrashort Bond | PSDSX vs PAIPX | |
| Federated Hermes Conservative Microshort Fund | 0.03 | 0.10 | 0.14 | 99 | Ultrashort Bond | PSDSX vs FHCOX | |
| Fidelity Series Treasury Bill Index Fund | 0.03 | 0.12 | 0.14 | 100 | Ultrashort Bond | PSDSX vs FHQFX |
See all 26 diversifiers for PSDSX
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