Looking to diversify beyond PPCRX? The mutual funds below have the lowest correlation with PPCRX — 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 PPCRX.
Best Diversifiers for PPCRX
7 mutual funds have low correlation with PPCRX (below 0.3), 2 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.20, roughly unchanged from -0.25 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.20 | -0.25 | — | 99 | Nontraditional Bonds | PPCRX vs APFPX | |
| Victory Pioneer Cat Bond Fund Class Y | -0.01 | 0.01 | 0.01 | 100 | Nontraditional Bonds | PPCRX vs CBYYX | |
| Putnam Mortgage Opportunities Fund | 0.06 | 0.04 | 0.10 | 74 | Nontraditional Bonds | PPCRX vs PMOTX | |
| PGIM Securitized Credit Fund | 0.06 | 0.01 | 0.09 | 99 | Nontraditional Bonds | PPCRX vs SCFZX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.19 | 0.24 | 0.11 | 99 | Nontraditional Bonds | PPCRX vs EIGMX |
See all 15 diversifiers for PPCRX
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