Looking to diversify beyond PYCRX? The mutual funds below have the lowest correlation with PYCRX — 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 PYCRX.
Best Diversifiers for PYCRX
12 mutual funds have low correlation with PYCRX (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 0.13, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Payden Floating Rate Fund | 0.13 | 0.10 | 0.16 | 98 | Bank Loan | PYCRX vs PYFRX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.19 | 0.27 | — | 100 | Municipal Bonds | PYCRX vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 0.19 | 0.28 | 0.36 | 99 | Municipal Bonds | PYCRX vs DFSMX | |
| Payden Equity Income Fund | 0.20 | 0.17 | 0.07 | 65 | Large Cap Value Equities | PYCRX vs PYVLX | |
| JPMorgan Ultra-Short Municipal Fund | 0.20 | 0.30 | 0.35 | 99 | Municipal Bonds | PYCRX vs USMSX |
See all 29 diversifiers for PYCRX
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