Looking to diversify beyond PSLDX? The mutual funds below have historically moved differently from PSLDX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PSLDX
19 mutual funds have low correlation with PSLDX (below 0.3), 8 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.26, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.26 | -0.03 | 0.08 | 83 | Diversified Portfolio | PSLDX vs SIFAX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.25 | -0.07 | 0.02 | 70 | Commodities | PSLDX vs PCLAX | |
| PIMCO CommoditiesPLUS Strategy I2 | -0.24 | -0.07 | 0.02 | 70 | Commodities | PSLDX vs PCLPX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.24 | -0.07 | 0.02 | 72 | Commodities | PSLDX vs PCLIX | |
| Fidelity Series Commodity Strategy Fund | -0.09 | 0.03 | 0.10 | 73 | Commodities | PSLDX vs FCSSX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PSLDX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is DNP Select Income Fund Inc. (DNP) (Financial Services) with a 1Y correlation of 0.18, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DNP Select Income Fund Inc. | 0.18 | 0.30 | 0.35 | 89 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.28 | 0.35 | 0.42 | 74 | Financial Services | |
| Capital Southwest Corporation | 0.39 | 0.38 | 0.40 | 68 | Financial Services | |
| Reaves Utility Income Trust | 0.44 | 0.44 | 0.50 | 55 | Financial Services |
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