Looking to diversify beyond PSGIX? The mutual funds below have the lowest correlation with PSGIX — 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 PSGIX.
Best Diversifiers for PSGIX
1 mutual funds have low correlation with PSGIX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.29, up from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.29 | 0.15 | 0.07 | 92 | Long-Short | PSGIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.36 | 0.27 | 0.12 | 67 | Systematic Trend | PSGIX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.76 | 0.70 | 0.77 | 75 | Large Cap Growth Equities | PSGIX vs NASDX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.82 | 0.81 | 0.84 | 81 | Diversified Portfolio | PSGIX vs VTMFX | |
| iShares S&P 500 Index Fund | 0.82 | 0.80 | 0.83 | 73 | S&P 500 | PSGIX vs WFSPX |
See all 24 diversifiers for PSGIX
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Diversification Analysis
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