Looking to diversify beyond PINCX? The mutual funds below have historically moved differently from PINCX, 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 PINCX
3 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 0.17, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Putnam Global Technology Fund | 0.17 | 0.11 | 0.13 | 51 | Technology Equities | PINCX vs PGTYX | |
| Fidelity Capital & Income Fund | 0.26 | 0.27 | 0.30 | 74 | High Yield Bonds | PINCX vs FAGIX | |
| Putnam Research Fund | 0.29 | 0.20 | 0.17 | 78 | Large Cap Blend Equities | PINCX vs PNRAX | |
| Putnam Large Cap Value Fund | 0.30 | 0.25 | 0.17 | 93 | Large Cap Value Equities | PINCX vs PEIYX | |
| Putnam Large Cap Value Fund Class R6 | 0.30 | 0.25 | 0.17 | 93 | Large Cap Value Equities | PINCX vs PEQSX |
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