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
7 mutual funds have low correlation with PSLDX (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO Short Asset Investment Fund (PAIPX) (Ultrashort Bond) with a 1Y correlation of 0.01, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Short Asset Investment Fund | 0.01 | 0.03 | 0.01 | 100 | Ultrashort Bond | PSLDX vs PAIPX | |
| PIMCO Short Term Fund | 0.05 | -0.10 | -0.14 | 99 | Ultrashort Bond | PSLDX vs PTSHX | |
| MH Elite Small Cap Fund of Funds Fund | 0.08 | 0.17 | 0.39 | 70 | Diversified Portfolio | PSLDX vs MHELX | |
| PIMCO TRENDS Managed Futures Strategy Fund Institu... | 0.23 | 0.03 | -0.11 | 79 | Systematic Trend | PSLDX vs PQTIX | |
| PIMCO TRENDS Managed Futures Strategy Fund | 0.23 | 0.03 | -0.11 | 78 | Systematic Trend | PSLDX vs PQTPX |
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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 0.27, 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. | 0.27 | 0.31 | 0.36 | 88 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.32 | 0.35 | 0.43 | 67 | Financial Services | |
| Capital Southwest Corporation | 0.39 | 0.36 | 0.40 | 73 | Financial Services | |
| Reaves Utility Income Trust | 0.44 | 0.44 | 0.50 | 79 | Financial Services |
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