Looking to diversify beyond PSLDX? The mutual funds below have the lowest correlation with PSLDX — 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 PSLDX.
Best Diversifiers for PSLDX
17 mutual funds have low correlation with PSLDX (below 0.3), 8 of which are negatively correlated. The least correlated is PIMCO CommoditiesPLUS Strategy Fund (PCLAX) (Commodities) with a 1Y correlation of -0.26, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO CommoditiesPLUS Strategy Fund | -0.26 | -0.04 | 0.04 | 76 | Commodities | PSLDX vs PCLAX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.25 | -0.04 | 0.04 | 78 | Commodities | PSLDX vs PCLIX | |
| PIMCO CommoditiesPLUS Strategy I2 | -0.25 | -0.03 | 0.04 | 77 | Commodities | PSLDX vs PCLPX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.22 | 0.02 | 0.10 | 76 | Diversified Portfolio | PSLDX vs SIFAX | |
| Fidelity Series Commodity Strategy Fund | -0.14 | 0.05 | 0.11 | 69 | Commodities | PSLDX vs FCSSX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PSLDX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PSLDX and solid risk/return profiles. The least correlated is DNP Select Income Fund Inc. (DNP) (Financial Services) with a 1Y correlation of 0.31, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DNP Select Income Fund Inc. | 0.31 | 0.32 | 0.36 | 83 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.33 | 0.35 | 0.43 | 64 | Financial Services | |
| Capital Southwest Corporation | 0.40 | 0.36 | 0.40 | 78 | Financial Services | |
| Reaves Utility Income Trust | 0.43 | 0.44 | 0.50 | 79 | Financial Services |
Build a portfolio that complements PSLDX
Add PSLDX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PSLDX