Looking to diversify beyond PSPFX? The mutual funds below have the lowest correlation with PSPFX — 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 PSPFX.
Best Diversifiers for PSPFX
6 mutual funds have low correlation with PSPFX (below 0.3), 0 of which are negatively correlated. The least correlated is Eagle MLP Strategy Fund (EGLIX) (Energy Equities) with a 1Y correlation of 0.18, down from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eagle MLP Strategy Fund | 0.18 | 0.42 | 0.59 | 51 | Energy Equities | PSPFX vs EGLIX | |
| Invesco SteelPath MLP Select 40 Fund | 0.19 | 0.42 | 0.58 | 53 | Energy Equities | PSPFX vs MLPTX | |
| Recurrent MLP & Infrastructure Fund | 0.20 | 0.43 | 0.61 | 57 | Energy Equities | PSPFX vs RMLPX | |
| Virtus Duff & Phelps Select MLP and Energy Fund | 0.20 | 0.44 | 0.61 | 55 | Energy Equities | PSPFX vs VLPIX | |
| Vanguard Energy Opportunities Fund Investor Shares | 0.29 | 0.49 | 0.62 | 61 | Energy Equities | PSPFX vs VGENX |
See all 28 diversifiers for PSPFX
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