Looking to diversify beyond PEQSX? The mutual funds below have the lowest correlation with PEQSX — 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 PEQSX.
Best Diversifiers for PEQSX
5 mutual funds have low correlation with PEQSX (below 0.3), 1 of which are negatively correlated. The least correlated is Putnam Mortgage Opportunities Fund (PMOTX) (Nontraditional Bonds) with a 1Y correlation of -0.02, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Putnam Mortgage Opportunities Fund | -0.02 | 0.08 | 0.17 | 64 | Nontraditional Bonds | PEQSX vs PMOTX | |
| Putnam Ultra Short Duration Income Fund | 0.12 | 0.11 | 0.06 | 98 | Ultrashort Bond | PEQSX vs PSDYX | |
| Putnam Short Duration Bond Fund | 0.18 | 0.14 | 0.13 | 81 | Short-Term Bond | PEQSX vs PARYX | |
| Federated Hermes Equity Income Fund | 0.18 | 0.60 | 0.79 | 53 | Large Cap Value Equities | PEQSX vs LEIFX | |
| Putnam Mortgage Securities Fund | 0.23 | 0.22 | 0.22 | 51 | Intermediate Core-Plus Bond | PEQSX vs PGSIX |
See all 69 diversifiers for PEQSX
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