Looking to diversify beyond PSDYX? The mutual funds below have the lowest correlation with PSDYX — 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 PSDYX.
Best Diversifiers for PSDYX
37 mutual funds have low correlation with PSDYX (below 0.3), 3 of which are negatively correlated. The least correlated is Putnam Global Technology Fund (PGTYX) (Technology Equities) with a 1Y correlation of -0.02, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Putnam Global Technology Fund | -0.02 | 0.01 | 0.01 | 88 | Technology Equities | PSDYX vs PGTYX | |
| DFA One Year Fixed Income Portfolio | -0.02 | -0.02 | 0.08 | 99 | Ultrashort Bond | PSDYX vs DFIHX | |
| Putnam Emerging Markets Equity Fund | -0.01 | 0.02 | 0.02 | 89 | Emerging Markets Diversified | PSDYX vs PEMYX | |
| CrossingBridge Ultra-Short Duration Fund | 0.05 | 0.11 | — | 99 | Ultrashort Bond | PSDYX vs CBUDX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 0.07 | 0.14 | 0.09 | 97 | Ultrashort Bond | PSDYX vs TSDUX |
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