Looking to diversify beyond PINCX? The mutual funds below have the lowest correlation with PINCX — 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 PINCX.
Best Diversifiers for PINCX
7 mutual funds have low correlation with PINCX (below 0.3), 0 of which are negatively correlated. The least correlated is Putnam Global Technology Fund (PGTYX) (Technology Equities) with a 1Y correlation of 0.12, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Putnam Global Technology Fund | 0.12 | 0.11 | 0.12 | 91 | Technology Equities | PINCX vs PGTYX | |
| Fidelity Capital & Income Fund | 0.21 | 0.27 | 0.28 | 93 | High Yield Bonds | PINCX vs FAGIX | |
| Putnam Research Fund | 0.24 | 0.19 | 0.16 | 86 | Large Cap Blend Equities | PINCX vs PNRAX | |
| Putnam Large Cap Value Fund Class R6 | 0.25 | 0.23 | 0.15 | 81 | Large Cap Value Equities | PINCX vs PEQSX | |
| Putnam Large Cap Value Fund | 0.25 | 0.23 | 0.15 | 80 | Large Cap Value Equities | PINCX vs PEYAX |
See all 16 diversifiers for PINCX
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