Looking to diversify beyond PSPTX? The mutual funds below have the lowest correlation with PSPTX — 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 PSPTX.
Best Diversifiers for PSPTX
1 mutual funds have low correlation with PSPTX (below 0.3), 1 of which are negatively correlated. The least correlated is PIMCO Commodity Real Return Strategy Fund (PCRIX) (Commodities) with a 1Y correlation of -0.04, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | -0.04 | 0.11 | 0.18 | 78 | Commodities | PSPTX vs PCRIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.30 | 0.17 | 0.14 | 70 | Large Cap Blend Equities | PSPTX vs SVPFX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.31 | 0.61 | 0.79 | 60 | Large Cap Blend Equities | PSPTX vs QKACX | |
| Federated Hermes MDT All Cap Core Fund | 0.32 | 0.61 | 0.79 | 60 | Large Cap Blend Equities | PSPTX vs QIACX | |
| AQR Long-Short Equity Fund | 0.43 | 0.42 | 0.32 | 61 | Long-Short | PSPTX vs QLEIX |
See all 38 diversifiers for PSPTX
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