Looking to diversify beyond DEBTX? The mutual funds below have the lowest correlation with DEBTX — 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 DEBTX.
Best Diversifiers for DEBTX
10 mutual funds have low correlation with DEBTX (below 0.3), 2 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.17, roughly unchanged from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.17 | -0.23 | -0.16 | 99 | Nontraditional Bonds | DEBTX vs APFPX | |
| T. Rowe Price Dynamic Credit Fund | -0.01 | -0.01 | 0.03 | 78 | Nontraditional Bonds | DEBTX vs RPIDX | |
| Putnam Mortgage Opportunities Fund | 0.03 | -0.03 | 0.06 | 74 | Nontraditional Bonds | DEBTX vs PMOTX | |
| PGIM Securitized Credit Fund | 0.03 | -0.02 | 0.11 | 99 | Nontraditional Bonds | DEBTX vs SCFZX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.05 | — | — | 100 | Nontraditional Bonds | DEBTX vs CBYYX |
See all 18 diversifiers for DEBTX
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