Looking to diversify beyond PPT? The mutual funds below have the lowest correlation with PPT — 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 PPT.
Best Diversifiers for PPT
9 mutual funds have low correlation with PPT (below 0.3), 0 of which are negatively correlated. The least correlated is CrossingBridge Low Duration High Yield Fund (CBLDX) (Multisector Bonds) with a 1Y correlation of 0.04, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CrossingBridge Low Duration High Yield Fund | 0.04 | 0.10 | 0.13 | 97 | Multisector Bonds | PPT vs CBLDX | |
| Nationwide Strategic Income A | 0.12 | 0.10 | 0.04 | 99 | Multisector Bonds | PPT vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.13 | 0.09 | 0.04 | 99 | Multisector Bonds | PPT vs NWXHX | |
| Touchstone Strategic Income Opportunities Fund | 0.17 | 0.24 | 0.23 | 51 | Multisector Bonds | PPT vs TQPAX | |
| Rational Special Situations Income Fund | 0.19 | 0.14 | 0.13 | 98 | Multisector Bonds | PPT vs RFXIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PPT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PPT and solid risk/return profiles. The least correlated is Lumentum Holdings Inc. (LITE) (Technology) with a 1Y correlation of 0.13, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lumentum Holdings Inc. | 0.13 | 0.17 | 0.22 | 99 | Technology | |
| Teradyne, Inc. | 0.13 | 0.12 | 0.20 | 97 | Technology | |
| Macy's, Inc. | 0.15 | 0.12 | 0.16 | 87 | Consumer Cyclical | |
| Coherent Corp. | 0.15 | 0.17 | 0.22 | 95 | Technology | |
| Micron Technology, Inc. | 0.17 | 0.12 | 0.18 | 99 | Technology |
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Build a portfolio that complements PPT
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