Looking to diversify beyond PSTQX? The mutual funds below have the lowest correlation with PSTQX — 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 PSTQX.
Best Diversifiers for PSTQX
5 mutual funds have low correlation with PSTQX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA Two-Year Fixed Income Portfolio (DFCFX) (Short-Term Bond) with a 1Y correlation of -0.02, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | -0.02 | -0.00 | 0.36 | 67 | Short-Term Bond | PSTQX vs DFCFX | |
| Leader Short Term High Yield Bond Fund | 0.15 | 0.18 | 0.25 | 79 | Short-Term Bond | PSTQX vs LCCMX | |
| DFA Short-Duration Real Return Portfolio | 0.22 | 0.24 | 0.38 | 99 | Short-Term Bond | PSTQX vs DFAIX | |
| PGIM Floating Rate Income Fund | 0.25 | 0.16 | 0.18 | 94 | Bank Loan | PSTQX vs FRFZX | |
| GuidePath Absolute Return Allocation Fund | 0.29 | 0.61 | 0.67 | 72 | Short-Term Bond | PSTQX vs GPARX |
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