Looking to diversify beyond PYSBX? The mutual funds below have the lowest correlation with PYSBX — 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 PYSBX.
Best Diversifiers for PYSBX
6 mutual funds have low correlation with PYSBX (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 0.09, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Payden Floating Rate Fund | 0.09 | 0.08 | 0.11 | 98 | Bank Loan | PYSBX vs PYFRX | |
| Leader Short Term High Yield Bond Fund | 0.14 | 0.17 | 0.19 | 79 | Short-Term Bond | PYSBX vs LCCMX | |
| GuidepathConservative Income Fund | 0.21 | 0.33 | 0.39 | 99 | Short-Term Bond | PYSBX vs GPICX | |
| DFA Short-Duration Real Return Portfolio | 0.23 | 0.24 | 0.35 | 98 | Short-Term Bond | PYSBX vs DFAIX | |
| GuidePath Absolute Return Allocation Fund | 0.24 | 0.52 | 0.57 | 57 | Short-Term Bond | PYSBX vs GPARX |
See all 22 diversifiers for PYSBX
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