Looking to diversify beyond PSDYX? The mutual funds below have historically moved differently from PSDYX, 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 PSDYX
49 mutual funds have low correlation with PSDYX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA One Year Fixed Income Portfolio (DFIHX) (Ultrashort Bond) with a 1Y correlation of -0.01, roughly unchanged from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA One Year Fixed Income Portfolio | -0.01 | -0.02 | 0.08 | 100 | Ultrashort Bond | PSDYX vs DFIHX | |
| Tactical Multi-Purpose Fund | 0.00 | 0.01 | -0.00 | 100 | Ultrashort Bond | PSDYX vs TMPFX | |
| Putnam Emerging Markets Equity Fund | 0.03 | 0.02 | 0.03 | 60 | Emerging Markets Equities | PSDYX vs PEMYX | |
| CrossingBridge Ultra-Short Duration Fund | 0.05 | 0.12 | 0.10 | 99 | Ultrashort Bond | PSDYX vs CBUDX | |
| Putnam Small Cap Value Fund | 0.05 | 0.08 | 0.05 | 67 | Small Cap Value Equities | PSDYX vs PSLAX |
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