Looking to diversify beyond PEQUX? The mutual funds below have the lowest correlation with PEQUX — 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 PEQUX.
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 0.14, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Putnam Ultra Short Duration Income Fund | 0.14 | 0.12 | 0.07 | 98 | Ultrashort Bond | PEQUX vs PSDYX | |
| PIMCO RAE PLUS International Fund | 0.47 | 0.55 | 0.59 | 75 | Foreign Large Cap Equities | PEQUX vs PTSIX | |
| SA International Value Fund | 0.50 | 0.57 | 0.65 | 88 | Foreign Large Cap Equities | PEQUX vs SAHMX | |
| Kopernik International Fund | 0.54 | 0.50 | 0.61 | 54 | Foreign Large Cap Equities | PEQUX vs KGIIX | |
| EuroPac International Dividend Income Fund | 0.54 | 0.62 | 0.66 | 75 | Foreign Large Cap Equities | PEQUX vs EPDIX |
See all 28 diversifiers for PEQUX
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