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Putnam Dynamic Asset Allocation Growth Fund (PAEAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 5, 2026
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The investment seeks capital appreciation. The fund allocates 65% to 95% of its assets in equities and 5% to 35% in fixed income securities. It invests mainly in equity securities (growth or value stocks or both) of both U.S. and foreign companies of any size. The fund also invests, to a lesser extent, in fixed-income investments, including U.S. and foreign government obligations, corporate obligations and securitized debt instruments (such as mortgage-backed investments).

Looking to diversify beyond PAEAX? The mutual funds below have historically moved differently from PAEAX, 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 PAEAX

3 mutual funds have low correlation with PAEAX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.27, down from 0.06 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SIFAX
SEI Institutional Managed Trust Multi-Asset Inflat...-0.27-0.080.06
77
Diversified PortfolioPAEAX vs SIFAX
MHELX
MH Elite Small Cap Fund of Funds Fund0.010.140.49
66
Diversified PortfolioPAEAX vs MHELX
PSDYX
Putnam Ultra Short Duration Income Fund0.110.100.07
98
Ultrashort BondPAEAX vs PSDYX
FCSRX
Fidelity Advisor Strategic Real Return Fund Class ...0.320.470.56
87
Diversified PortfolioPAEAX vs FCSRX
FSRTX
Fidelity Advisor Strategic Real Return Fund Class ...0.320.470.56
88
Diversified PortfolioPAEAX vs FSRTX
See all 45 diversifiers for PAEAX

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for PAEAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.42, down from 0.60 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
AAPL
Apple Inc0.420.440.60
90
Technology

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Diversification Analysis

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