Looking to diversify beyond PYACX? The mutual funds below have the lowest correlation with PYACX — 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 PYACX.
Best Diversifiers for PYACX
1 mutual funds have low correlation with PYACX (below 0.3), 0 of which are negatively correlated. The least correlated is Payden Floating Rate Fund (PYFRX) (Bank Loan) with a 1Y correlation of 0.12, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Payden Floating Rate Fund | 0.12 | 0.14 | 0.17 | 98 | Bank Loan | PYACX vs PYFRX | |
| Payden Equity Income Fund | 0.34 | 0.30 | 0.21 | 64 | Large Cap Value Equities | PYACX vs PYVLX | |
| Payden Limited Maturity Fund | 0.40 | 0.34 | 0.34 | 97 | Ultrashort Bond | PYACX vs PYLMX | |
| Miller Intermediate Bond Fund | 0.44 | 0.36 | 0.28 | 92 | Corporate Bonds | PYACX vs MIFIX | |
| Payden California Municipal Social Impact Fund | 0.52 | 0.62 | 0.61 | 64 | Municipal Bonds | PYACX vs PYCRX |
See all 15 diversifiers for PYACX
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