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
38 mutual funds have low correlation with PSDYX (below 0.3), 3 of which are negatively correlated. The least correlated is DFA One Year Fixed Income Portfolio (DFIHX) (Ultrashort Bond) with a 1Y correlation of -0.04, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA One Year Fixed Income Portfolio | -0.04 | -0.04 | 0.08 | 100 | Ultrashort Bond | PSDYX vs DFIHX | |
| Tactical Multi-Purpose Fund | -0.02 | 0.01 | -0.01 | 100 | Ultrashort Bond | PSDYX vs TMPFX | |
| Putnam Global Technology Fund | -0.01 | 0.02 | 0.02 | 63 | Technology Equities | PSDYX vs PGTYX | |
| Putnam Emerging Markets Equity Fund | 0.02 | 0.02 | 0.02 | 69 | Emerging Markets Diversified | PSDYX vs PEMYX | |
| CrossingBridge Ultra-Short Duration Fund | 0.04 | 0.11 | 0.09 | 99 | Ultrashort Bond | PSDYX vs CBUDX |
See all 52 diversifiers for PSDYX
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