Looking to diversify beyond PSFIX? The mutual funds below have historically moved differently from PSFIX, 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 PSFIX
7 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 -0.17, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.17 | -0.05 | 0.06 | 93 | Bank Loan | PSFIX vs XPTFX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.09 | 0.09 | 0.15 | 100 | Bank Loan, High Yield Bonds | PSFIX vs CCLFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.09 | — | — | 99 | Bank Loan | PSFIX vs CAPIX | |
| The Merger Fund | 0.12 | 0.09 | 0.15 | 96 | Event Driven | PSFIX vs MERFX | |
| Virtus Duff & Phelps Real Estate Securities Fund | 0.15 | 0.22 | 0.22 | 68 | REIT | PSFIX vs PHRAX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PSFIX
Add PSFIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PSFIX