Looking to diversify beyond PBAMX? The mutual funds below have the lowest correlation with PBAMX — 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 PBAMX.
Best Diversifiers for PBAMX
1 mutual funds have low correlation with PBAMX (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 0.13, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Putnam Ultra Short Duration Income Fund | 0.13 | 0.12 | 0.08 | 99 | Ultrashort Bond | PBAMX vs PSDYX | |
| Putnam Large Cap Value Fund Class R6 | 0.78 | 0.80 | 0.85 | 84 | Large Cap Value Equities | PBAMX vs PEQSX | |
| Putnam Large Cap Value Fund | 0.78 | 0.80 | 0.85 | 83 | Large Cap Value Equities | PBAMX vs PEYAX | |
| Putnam Large Cap Value Fund | 0.79 | 0.80 | 0.85 | 84 | Large Cap Value Equities | PBAMX vs PEIYX | |
| Fidelity Managed Retirement 2010 Fund | 0.79 | 0.76 | 0.76 | 82 | Target Retirement Date | PBAMX vs FIRQX |
See all 57 diversifiers for PBAMX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PBAMX
Add PBAMX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PBAMX