Looking to diversify beyond PCKEX? The mutual funds below have the lowest correlation with PCKEX — 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 PCKEX.
Best Diversifiers for PCKEX
1 mutual funds have low correlation with PCKEX (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 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Putnam Ultra Short Duration Income Fund | 0.11 | 0.10 | 0.05 | 98 | Ultrashort Bond | PCKEX vs PSDYX | |
| Dimensional Retirement Income Fund | 0.76 | 0.75 | 0.72 | 77 | Target Retirement Date | PCKEX vs TDIFX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.79 | 0.71 | 0.71 | 70 | Target Retirement Date | PCKEX vs FRQHX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.79 | 0.71 | 0.71 | 65 | Target Retirement Date | PCKEX vs FRQIX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.79 | 0.70 | 0.67 | 65 | Target Retirement Date | PCKEX vs FRIMX |
See all 49 diversifiers for PCKEX
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