Looking to diversify beyond PSFIX? The mutual funds below have the lowest correlation with PSFIX — 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 PSFIX.
Best Diversifiers for PSFIX
6 mutual funds have low correlation with PSFIX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.20, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.20 | -0.05 | 0.06 | 84 | Bank Loan | PSFIX vs XPTFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.09 | — | — | 98 | Bank Loan | PSFIX vs CAPIX | |
| Virtus Stone Harbor Emerging Markets Income Fund | 0.10 | 0.18 | 0.22 | 63 | Emerging Markets Bonds | PSFIX vs EDF | |
| RiverPark Floating Rate CMBS Fund | 0.14 | 0.11 | 0.15 | 100 | Bank Loan | PSFIX vs RCRIX | |
| The Merger Fund | 0.16 | 0.11 | 0.15 | 97 | Event Driven | PSFIX vs MERFX |
See all 42 diversifiers for PSFIX
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Diversification Analysis
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