Looking to diversify beyond PAFMX? The mutual funds below have the lowest correlation with PAFMX — 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 PAFMX.
Best Diversifiers for PAFMX
1 mutual funds have low correlation with PAFMX (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 0.11, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Putnam Ultra Short Duration Income Fund | 0.11 | 0.11 | 0.07 | 98 | Ultrashort Bond | PAFMX vs PSDYX | |
| Dimensional Retirement Income Fund | 0.73 | 0.77 | 0.74 | 83 | Target Retirement Date | PAFMX vs TDIFX | |
| Fidelity Freedom Income Fund Class K | 0.78 | 0.71 | 0.69 | 75 | Target Retirement Date | PAFMX vs FNSHX | |
| Fidelity Freedom Income Fund | 0.79 | 0.72 | 0.69 | 76 | Target Retirement Date | PAFMX vs FFFAX | |
| Fidelity Flex Freedom Blend Income Fund | 0.79 | 0.72 | 0.69 | 80 | Target Retirement Date | PAFMX vs FTLSX |
See all 57 diversifiers for PAFMX
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