Looking to diversify beyond PYFRX? The mutual funds below have the lowest correlation with PYFRX — 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 PYFRX.
Best Diversifiers for PYFRX
16 mutual funds have low correlation with PYFRX (below 0.3), 2 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.17, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.17 | -0.04 | 0.09 | 84 | Bank Loan | PYFRX vs XPTFX | |
| Diamond Hill Short Duration Securitized Bond Fund | -0.03 | 0.05 | 0.10 | 99 | Short-Term Bond | PYFRX vs DHEAX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.03 | — | — | 98 | Bank Loan | PYFRX vs CAPIX | |
| Payden Global Low Duration Fund | 0.08 | 0.08 | 0.12 | 77 | Global Bonds | PYFRX vs PYGSX | |
| Payden Low Duration Fund | 0.09 | 0.08 | 0.11 | 58 | Short-Term Bond | PYFRX vs PYSBX |
See all 55 diversifiers for PYFRX
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