Looking to diversify beyond PMVAX? The mutual funds below have the lowest correlation with PMVAX — 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 PMVAX.
Best Diversifiers for PMVAX
1 mutual funds have low correlation with PMVAX (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 0.13, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Putnam Ultra Short Duration Income Fund | 0.13 | 0.07 | 0.06 | 99 | Ultrashort Bond | PMVAX vs PSDYX | |
| Tanaka Growth Fund | 0.67 | 0.73 | 0.78 | 53 | Mid Cap Growth Equities | PMVAX vs TGFRX | |
| Putnam Global Technology Fund | 0.71 | 0.76 | 0.83 | 71 | Technology Equities | PMVAX vs PGTYX | |
| Putnam Large Cap Value Fund Class R6 | 0.71 | 0.74 | 0.76 | 85 | Large Cap Value Equities | PMVAX vs PEQSX | |
| Putnam Large Cap Value Fund | 0.71 | 0.74 | 0.75 | 84 | Large Cap Value Equities | PMVAX vs PEYAX |
See all 17 diversifiers for PMVAX
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