Looking to diversify beyond PAEKX? The mutual funds below have the lowest correlation with PAEKX — 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 PAEKX.
Best Diversifiers for PAEKX
1 mutual funds have low correlation with PAEKX (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 0.12, 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 | 0.12 | 0.10 | 0.06 | 98 | Ultrashort Bond | PAEKX vs PSDYX | |
| Dimensional Retirement Income Fund | 0.73 | 0.76 | 0.73 | 83 | Target Retirement Date | PAEKX vs TDIFX | |
| Fidelity Freedom Income Fund | 0.78 | 0.71 | 0.69 | 76 | Target Retirement Date | PAEKX vs FFFAX | |
| Fidelity Freedom Income Fund Class K | 0.78 | 0.71 | 0.68 | 75 | Target Retirement Date | PAEKX vs FNSHX | |
| Fidelity Flex Freedom Blend Income Fund | 0.79 | 0.71 | 0.69 | 80 | Target Retirement Date | PAEKX vs FTLSX |
See all 64 diversifiers for PAEKX
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