Looking to diversify beyond PSYPX? The mutual funds below have the lowest correlation with PSYPX — 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 PSYPX.
Best Diversifiers for PSYPX
23 mutual funds have low correlation with PSYPX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two-Year Government Portfolio (DFYGX) (Ultrashort Bond) with a 1Y correlation of 0.01, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two-Year Government Portfolio | 0.01 | -0.01 | 0.11 | 55 | Ultrashort Bond | PSYPX vs DFYGX | |
| PIMCO Short Asset Investment Fund | 0.01 | 0.04 | 0.09 | 100 | Ultrashort Bond | PSYPX vs PAIPX | |
| PIMCO Short Term Fund | 0.06 | -0.02 | 0.04 | 99 | Ultrashort Bond | PSYPX vs PTSHX | |
| Fidelity Series Treasury Bill Index Fund | 0.06 | 0.05 | 0.09 | 99 | Ultrashort Bond | PSYPX vs FHQFX | |
| DFA One Year Fixed Income Portfolio | 0.08 | 0.02 | 0.13 | 99 | Ultrashort Bond | PSYPX vs DFIHX |
See all 26 diversifiers for PSYPX
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