Looking to diversify beyond PSRIX? The mutual funds below have historically moved differently from PSRIX, 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 PSRIX
4 mutual funds have low correlation with PSRIX (below 0.3), 2 of which are negatively correlated. The least correlated is PIMCO Commodity Real Return Strategy Fund (PCRIX) (Commodities) with a 1Y correlation of -0.19, down from 0.15 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 | -0.19 | -0.01 | 0.15 | 69 | Commodities | PSRIX vs PCRIX | |
| Federated Hermes Project and Trade Finance Tender ... | -0.15 | -0.01 | 0.06 | 93 | Bank Loan | PSRIX vs XPTFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.07 | — | — | 99 | Bank Loan | PSRIX vs CAPIX | |
| RiverPark Floating Rate CMBS Fund | 0.20 | 0.14 | 0.16 | 100 | Bank Loan | PSRIX vs RCRIX | |
| Credit Suisse Floating Rate High Income Fund | 0.39 | 0.44 | 0.56 | 60 | Bank Loan | PSRIX vs CHIAX |
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