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 | 0.11 | 0.06 | 98 | Ultrashort Bond | PAEKX vs PSDYX | |
| Dimensional Retirement Income Fund | 0.77 | 0.76 | 0.74 | 64 | Target Retirement Date | PAEKX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.80 | 0.73 | 0.73 | 66 | Target Retirement Date | PAEKX vs FRQIX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.80 | 0.73 | 0.73 | 72 | Target Retirement Date | PAEKX vs FRQHX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.80 | 0.72 | 0.70 | 64 | Target Retirement Date | PAEKX vs FRIMX |
See all 66 diversifiers for PAEKX
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