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
0 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 0.33, 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 | 0.33 | 0.17 | 0.07 | 96 | Long-Short | PSGIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.37 | 0.28 | 0.12 | 64 | Systematic Trend | PSGIX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.71 | 0.70 | 0.78 | 69 | Technology Equities | PSGIX vs BGSAX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.76 | 0.72 | 0.77 | 71 | Large Cap Growth Equities | PSGIX vs NASDX | |
| Fuller & Thaler Behavioral Small-Cap Equity Fund | 0.80 | 0.87 | 0.89 | 61 | Small Cap Blend Equities | PSGIX vs FTHNX |
See all 31 diversifiers for PSGIX
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