Looking to diversify beyond PEQUX? The mutual funds below have historically moved differently from PEQUX, 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 PEQUX
1 mutual funds have low correlation with PEQUX (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 0.18, roughly unchanged from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Putnam Ultra Short Duration Income Fund | 0.18 | 0.11 | 0.08 | 98 | Ultrashort Bond | PEQUX vs PSDYX | |
| Federated Hermes International Strategic Value Div... | 0.32 | 0.48 | 0.60 | 87 | Foreign Large Cap Equities | PEQUX vs IVFIX | |
| GQG Partners International Quality Dividend Income... | 0.37 | 0.59 | 0.65 | 65 | Quality Factor, Foreign Large Cap Equities | PEQUX vs GQJPX | |
| PIMCO RAE PLUS International Fund | 0.44 | 0.54 | 0.59 | 94 | Foreign Large Cap Equities | PEQUX vs PTSIX | |
| Pear Tree Polaris Foreign Value Fund | 0.46 | 0.59 | 0.67 | 91 | Foreign Large Cap Equities | PEQUX vs QFVOX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PEQUX
Add PEQUX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PEQUX