Looking to diversify beyond PGTAX? The mutual funds below have historically moved differently from PGTAX, 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 PGTAX
1 mutual funds have low correlation with PGTAX (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 0.00, roughly unchanged from 0.02 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 | 0.00 | 0.02 | 0.02 | 99 | Ultrashort Bond | PGTAX vs PSDYX | |
| ARK Venture Fund | 0.39 | 0.50 | — | 99 | Technology Equities | PGTAX vs ARKVX | |
| Putnam Large Cap Value Fund | 0.43 | 0.49 | 0.61 | 93 | Large Cap Value Equities | PGTAX vs PEIYX | |
| Putnam Large Cap Value Fund Class R6 | 0.44 | 0.49 | 0.60 | 93 | Large Cap Value Equities | PGTAX vs PEQSX | |
| Putnam Large Cap Value Fund | 0.44 | 0.49 | 0.60 | 92 | Large Cap Value Equities | PGTAX vs PEYAX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PGTAX
Add PGTAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PGTAX