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
1 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 0.11, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Payden Floating Rate Fund | 0.11 | 0.11 | 0.14 | 98 | Bank Loan | PYCBX vs PYFRX | |
| Holbrook Income Fund Class I | 0.35 | 0.33 | 0.38 | 98 | Intermediate Core-Plus Bond | PYCBX vs HOBIX | |
| Payden Equity Income Fund | 0.36 | 0.26 | 0.16 | 67 | Large Cap Value Equities | PYCBX vs PYVLX | |
| Payden Limited Maturity Fund | 0.44 | 0.37 | 0.36 | 97 | Ultrashort Bond | PYCBX vs PYLMX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.44 | 0.21 | 0.17 | 92 | Intermediate Core-Plus Bond | PYCBX vs LCTRX |
See all 19 diversifiers for PYCBX
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