Looking to diversify beyond PYVLX? The mutual funds below have the lowest correlation with PYVLX — 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 PYVLX.
Best Diversifiers for PYVLX
6 mutual funds have low correlation with PYVLX (below 0.3), 0 of which are negatively correlated. The least correlated is Payden Limited Maturity Fund (PYLMX) (Ultrashort Bond) with a 1Y correlation of 0.15, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Payden Limited Maturity Fund | 0.15 | 0.14 | 0.13 | 97 | Ultrashort Bond | PYVLX vs PYLMX | |
| Payden California Municipal Social Impact Fund | 0.19 | 0.16 | 0.07 | 64 | Municipal Bonds | PYVLX vs PYCRX | |
| Payden Low Duration Fund | 0.20 | 0.12 | 0.09 | 63 | Short-Term Bond | PYVLX vs PYSBX | |
| Payden Floating Rate Fund | 0.25 | 0.27 | 0.28 | 98 | Bank Loan | PYVLX vs PYFRX | |
| Payden Global Low Duration Fund | 0.25 | 0.13 | 0.13 | 80 | Global Bonds | PYVLX vs PYGSX |
See all 39 diversifiers for PYVLX
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