Looking to diversify beyond PSIFX? The mutual funds below have the lowest correlation with PSIFX — 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 PSIFX.
Best Diversifiers for PSIFX
3 mutual funds have low correlation with PSIFX (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 0.26, 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 | 0.26 | 0.13 | 0.12 | 73 | Large Cap Blend Equities | PSIFX vs SVPFX | |
| PGIM Short Duration Multi-Sector Bond Fund | 0.27 | 0.19 | 0.16 | 64 | Short-Term Bond | PSIFX vs SDMZX | |
| PGIM Short-Term Corporate Bond Fund | 0.29 | 0.20 | 0.17 | 55 | Short-Term Bond | PSIFX vs PBSMX | |
| Federated Hermes MDT All Cap Core Fund | 0.31 | 0.61 | 0.79 | 56 | Large Cap Blend Equities | PSIFX vs QIACX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.31 | 0.61 | 0.79 | 56 | Large Cap Blend Equities | PSIFX vs QKACX |
See all 41 diversifiers for PSIFX
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