Looking to diversify beyond PEQSX? The mutual funds below have historically moved differently from PEQSX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PEQSX
6 mutual funds have low correlation with PEQSX (below 0.3), 0 of which are negatively correlated. The least correlated is Putnam Mortgage Opportunities Fund (PMOTX) (Nontraditional Bonds) with a 1Y correlation of 0.01, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Putnam Mortgage Opportunities Fund | 0.01 | 0.07 | 0.17 | 85 | Nontraditional Bonds | PEQSX vs PMOTX | |
| Putnam Ultra Short Duration Income Fund | 0.08 | 0.10 | 0.06 | 98 | Ultrashort Bond | PEQSX vs PSDYX | |
| GQG Partners US Quality Dividend Income Fund | 0.20 | 0.56 | 0.69 | 54 | Quality Factor, Large Cap Value Equities | PEQSX vs GQHPX | |
| Putnam Short Duration Bond Fund | 0.22 | 0.15 | 0.13 | 75 | Short-Term Bond | PEQSX vs PARYX | |
| Voya Corporate Leaders Trust Fund | 0.23 | 0.55 | 0.69 | 94 | Large Cap Value Equities | PEQSX vs LEXCX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PEQSX
Add PEQSX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PEQSX