Looking to diversify beyond PYUSX? The mutual funds below have the lowest correlation with PYUSX — 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 PYUSX.
Best Diversifiers for PYUSX
3 mutual funds have low correlation with PYUSX (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 0.03, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Payden Floating Rate Fund | 0.03 | 0.04 | 0.07 | 98 | Bank Loan | PYUSX vs PYFRX | |
| Payden Equity Income Fund | 0.16 | 0.15 | 0.10 | 64 | Large Cap Value Equities | PYUSX vs PYVLX | |
| DFA Short-Term Government Portfolio | 0.20 | 0.08 | 0.34 | 62 | Government Bonds | PYUSX vs DFFGX | |
| Federated Hermes Adjustable Rate Fund | 0.34 | 0.54 | 0.53 | 99 | Government Bonds | PYUSX vs FEUGX | |
| Payden Emerging Markets Corporate Bond Fund | 0.37 | 0.53 | 0.46 | 89 | Emerging Markets Bonds | PYUSX vs PYCEX |
See all 17 diversifiers for PYUSX
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