Looking to diversify beyond PSKIX? The mutual funds below have the lowest correlation with PSKIX — 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 PSKIX.
Best Diversifiers for PSKIX
0 mutual funds have low correlation with PSKIX (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO RAE US Small Fund (PMJIX) (Small Cap Value Equities) with a 1Y correlation of 0.38, roughly unchanged from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO RAE US Small Fund | 0.38 | 0.37 | 0.40 | 72 | Small Cap Value Equities | PSKIX vs PMJIX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.41 | 0.38 | 0.28 | 98 | Nontraditional Bonds | PSKIX vs EGRIX | |
| PIMCO RAE PLUS Small Fund | 0.41 | 0.40 | 0.42 | 75 | Small Cap Value Equities | PSKIX vs PCFIX | |
| Goldman Sachs Emerging Markets Equity Fund | 0.51 | 0.51 | 0.55 | 89 | Emerging Markets Diversified | PSKIX vs GEMIX | |
| John Hancock International Dynamic Growth Fund | 0.54 | 0.52 | 0.58 | 54 | Foreign Large Cap Equities | PSKIX vs JIJIX |
See all 29 diversifiers for PSKIX
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