Looking to diversify beyond PSYPX? The mutual funds below have historically moved differently from PSYPX, 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 PSYPX
29 mutual funds have low correlation with PSYPX (below 0.3), 2 of which are negatively correlated. The least correlated is Fidelity Series Treasury Bill Index Fund (FHQFX) (Ultrashort Bond) with a 1Y correlation of -0.00, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Series Treasury Bill Index Fund | -0.00 | 0.05 | 0.09 | 100 | Ultrashort Bond | PSYPX vs FHQFX | |
| PIMCO Short Asset Investment Fund | -0.00 | 0.04 | 0.09 | 100 | Ultrashort Bond | PSYPX vs PAIPX | |
| U.S. Global Investors U.S. Government Ultra-Short ... | 0.02 | 0.09 | 0.09 | 97 | Ultrashort Bond | PSYPX vs UGSDX | |
| PIMCO Short Term Fund | 0.05 | -0.01 | 0.03 | 99 | Ultrashort Bond | PSYPX vs PTSHX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | 0.07 | 0.08 | 0.06 | 100 | Ultrashort Bond | PSYPX vs MUIIX |
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