Looking to diversify beyond PEMYX? The mutual funds below have the lowest correlation with PEMYX — 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 PEMYX.
Best Diversifiers for PEMYX
1 mutual funds have low correlation with PEMYX (below 0.3), 1 of which are negatively correlated. The least correlated is Putnam Ultra Short Duration Income Fund (PSDYX) (Ultrashort Bond) with a 1Y correlation of -0.00, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Putnam Ultra Short Duration Income Fund | -0.00 | 0.02 | 0.01 | 98 | Ultrashort Bond | PEMYX vs PSDYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.47 | 0.64 | 0.71 | 87 | Emerging Markets Diversified | PEMYX vs ESCIX | |
| American Funds American High-Income Trust® Class R... | 0.49 | 0.38 | 0.44 | 82 | High Yield Bonds | PEMYX vs RITGX | |
| Putnam Large Cap Value Fund Class R6 | 0.50 | 0.50 | 0.55 | 84 | Large Cap Value Equities | PEMYX vs PEQSX | |
| Putnam Large Cap Value Fund | 0.50 | 0.50 | 0.54 | 83 | Large Cap Value Equities | PEMYX vs PEYAX |
See all 35 diversifiers for PEMYX
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