Looking to diversify beyond PACJX? The mutual funds below have the lowest correlation with PACJX — 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 PACJX.
Best Diversifiers for PACJX
1 mutual funds have low correlation with PACJX (below 0.3), 0 of which are negatively correlated. The least correlated is Putnam Ultra Short Duration Income Fund (PSDYX) (Ultrashort Bond) with a 1Y correlation of 0.10, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Putnam Ultra Short Duration Income Fund | 0.10 | 0.10 | 0.06 | 98 | Ultrashort Bond | PACJX vs PSDYX | |
| Dimensional Retirement Income Fund | 0.72 | 0.75 | 0.72 | 83 | Target Retirement Date | PACJX vs TDIFX | |
| Fidelity Freedom Income Fund Class K | 0.77 | 0.69 | 0.67 | 75 | Target Retirement Date | PACJX vs FNSHX | |
| Fidelity Freedom Income Fund | 0.77 | 0.70 | 0.67 | 76 | Target Retirement Date | PACJX vs FFFAX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.78 | 0.72 | 0.72 | 75 | Target Retirement Date | PACJX vs FRQHX |
See all 60 diversifiers for PACJX
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