Looking to diversify beyond PCJSX? The mutual funds below have the lowest correlation with PCJSX — 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 PCJSX.
Best Diversifiers for PCJSX
1 mutual funds have low correlation with PCJSX (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 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Putnam Ultra Short Duration Income Fund | 0.12 | 0.08 | 0.05 | 98 | Ultrashort Bond | PCJSX vs PSDYX | |
| Dimensional Retirement Income Fund | 0.71 | 0.73 | 0.71 | 83 | Target Retirement Date | PCJSX vs TDIFX | |
| Prudential Day One Income Fund | 0.77 | 0.76 | 0.79 | 85 | Target Retirement Date | PCJSX vs PDAHX | |
| Putnam Large Cap Value Fund | 0.78 | 0.79 | 0.85 | 81 | Large Cap Value Equities | PCJSX vs PEIYX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.78 | 0.69 | 0.66 | 78 | Target Retirement Date | PCJSX vs FFGZX |
See all 39 diversifiers for PCJSX
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