Looking to diversify beyond PCDLX? The mutual funds below have the lowest correlation with PCDLX — 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 PCDLX.
Best Diversifiers for PCDLX
1 mutual funds have low correlation with PCDLX (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 0.17, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Putnam Ultra Short Duration Income Fund | 0.17 | 0.14 | 0.09 | 98 | Ultrashort Bond | PCDLX vs PSDYX | |
| Dimensional Retirement Income Fund | 0.75 | 0.81 | 0.78 | 85 | Target Retirement Date | PCDLX vs TDIFX | |
| Putnam Global Technology Fund | 0.77 | 0.80 | 0.84 | 90 | Technology Equities | PCDLX vs PGTYX | |
| Putnam Large Cap Value Fund | 0.79 | 0.79 | 0.84 | 76 | Large Cap Value Equities | PCDLX vs PEIYX | |
| Putnam Large Cap Value Fund Class R6 | 0.79 | 0.80 | 0.84 | 76 | Large Cap Value Equities | PCDLX vs PEQSX |
See all 59 diversifiers for PCDLX
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