Looking to diversify beyond PSPTX? The mutual funds below have historically moved differently from PSPTX, 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 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 -0.01, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | -0.01 | 0.09 | 0.16 | 69 | Commodities | PSPTX vs PCRIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.38 | 0.19 | 0.16 | 97 | Large Cap Blend Equities | PSPTX vs SVPFX | |
| Federated Hermes MDT All Cap Core Fund | 0.45 | 0.61 | 0.79 | 53 | Large Cap Blend Equities | PSPTX vs QIACX | |
| AQR Diversifying Strategies Fund - Class I | 0.46 | 0.34 | 0.12 | 92 | Multistrategy | PSPTX vs QDSIX | |
| AQR Long-Short Equity Fund | 0.47 | 0.45 | 0.33 | 78 | Long-Short | PSPTX vs QLEIX |
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