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
21 mutual funds have low correlation with PSPFX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco SteelPath MLP Income Fund (MLPZX) (Energy Equities) with a 1Y correlation of 0.10, down from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco SteelPath MLP Income Fund | 0.10 | 0.35 | 0.54 | 72 | Energy Equities | PSPFX vs MLPZX | |
| Goldman Sachs MLP Energy Infrastructure Fund | 0.12 | 0.37 | 0.57 | 62 | Energy Equities | PSPFX vs GLPIX | |
| Invesco SteelPath MLP Alpha Plus Fund | 0.12 | 0.36 | 0.55 | 67 | Energy Equities | PSPFX vs MLPNX | |
| Center Coast Brookfield Midstream Focus Fund | 0.14 | 0.39 | 0.57 | 61 | Energy Equities | PSPFX vs CCCNX | |
| Transamerica Energy Infrastructure | 0.14 | 0.40 | 0.58 | 77 | Energy Equities | PSPFX vs TMLPX |
See all 46 diversifiers for PSPFX
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