Looking to diversify beyond PYSGX? The mutual funds below have historically moved differently from PYSGX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PYSGX
5 mutual funds have low correlation with PYSGX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.09, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.09 | 0.09 | 0.25 | 84 | Short-Term Bond | PYSGX vs LCCMX | |
| Payden Floating Rate Fund | 0.18 | 0.16 | 0.27 | 98 | Bank Loan | PYSGX vs PYFRX | |
| DFA Two-Year Fixed Income Portfolio | 0.21 | 0.09 | 0.32 | 100 | Short-Term Bond | PYSGX vs DFCFX | |
| GuidePath Absolute Return Allocation Fund | 0.21 | 0.64 | 0.71 | 69 | Short-Term Bond | PYSGX vs GPARX | |
| GuidepathConservative Income Fund | 0.27 | 0.37 | 0.43 | 99 | Short-Term Bond | PYSGX vs GPICX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PYSGX
Add PYSGX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PYSGX