Looking to diversify beyond PYCBX? The mutual funds below have the lowest correlation with PYCBX — 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 PYCBX.
Best Diversifiers for PYCBX
2 mutual funds have low correlation with PYCBX (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 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Payden Floating Rate Fund | 0.12 | 0.10 | 0.13 | 98 | Bank Loan | PYCBX vs PYFRX | |
| Payden Equity Income Fund | 0.29 | 0.24 | 0.15 | 64 | Large Cap Value Equities | PYCBX vs PYVLX | |
| Holbrook Income Fund Class I | 0.33 | 0.33 | 0.37 | 98 | Intermediate Core-Plus Bond | PYCBX vs HOBIX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.36 | 0.20 | 0.16 | 90 | Intermediate Core-Plus Bond | PYCBX vs LCTRX | |
| Leader Capital High Quality Income Fund Institutio... | 0.40 | 0.18 | 0.14 | 92 | Intermediate Core-Plus Bond | PYCBX vs LCTIX |
See all 20 diversifiers for PYCBX
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