Looking to diversify beyond PSOPX? The mutual funds below have the lowest correlation with PSOPX — 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 PSOPX.
Best Diversifiers for PSOPX
1 mutual funds have low correlation with PSOPX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Income Fund (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.24, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund | 0.24 | 0.24 | 0.28 | 80 | Multisector Bonds | PSOPX vs JMSIX | |
| Aegis Value Fund | 0.45 | 0.52 | 0.58 | 94 | Small Cap Value Equities | PSOPX vs AVALX | |
| Fidelity Flex International Index Fund | 0.69 | 0.66 | 0.69 | 61 | Foreign Large Cap Equities | PSOPX vs FITFX | |
| Schwab S&P 500 Index Fund | 0.74 | 0.71 | 0.77 | 73 | Large Cap Blend Equities, S&P 500 | PSOPX vs SWPPX | |
| JPMorgan Equity Income Fund R6 | 0.80 | 0.81 | 0.83 | 65 | Large Cap Value Equities, Dividend | PSOPX vs OIEJX |
See all 24 diversifiers for PSOPX
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