Looking to diversify beyond PSIAX? The mutual funds below have the lowest correlation with PSIAX — 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 PSIAX.
Best Diversifiers for PSIAX
2 mutual funds have low correlation with PSIAX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.25, up from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.25 | 0.14 | 0.12 | 73 | Large Cap Blend Equities | PSIAX vs SVPFX | |
| PGIM Short Duration Multi-Sector Bond Fund | 0.27 | 0.18 | 0.17 | 64 | Short-Term Bond | PSIAX vs SDMZX | |
| PGIM Floating Rate Income Fund | 0.36 | 0.36 | 0.32 | 94 | Bank Loan | PSIAX vs FRFZX | |
| North Square Preferred and Income Securities Fund | 0.49 | 0.34 | 0.42 | 72 | Large Cap Blend Equities | PSIAX vs ORDNX | |
| PGIM High Yield Fund | 0.49 | 0.43 | 0.46 | 72 | High Yield Bonds | PSIAX vs PBHAX |
See all 26 diversifiers for PSIAX
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