Looking to diversify beyond PYCEX? The mutual funds below have the lowest correlation with PYCEX — 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 PYCEX.
Best Diversifiers for PYCEX
0 mutual funds have low correlation with PYCEX (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 0.35, roughly unchanged from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Payden Floating Rate Fund | 0.35 | 0.27 | 0.39 | 98 | Bank Loan | PYCEX vs PYFRX | |
| Payden Limited Maturity Fund | 0.35 | 0.32 | 0.31 | 97 | Ultrashort Bond | PYCEX vs PYLMX | |
| Payden Low Duration Fund | 0.37 | 0.49 | 0.43 | 65 | Short-Term Bond | PYCEX vs PYSBX | |
| Payden Equity Income Fund | 0.39 | 0.32 | 0.27 | 61 | Large Cap Value Equities | PYCEX vs PYVLX | |
| Ashmore Emerging Markets Corporate Income Fund | 0.43 | 0.51 | 0.62 | 63 | Emerging Markets Bonds | PYCEX vs EMCIX |
See all 67 diversifiers for PYCEX
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