Looking to diversify beyond PPT? The mutual funds below have historically moved differently from PPT, 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 PPT
7 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 0.08, 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 |
|---|---|---|---|---|---|---|---|
| CrossingBridge Low Duration High Yield Fund | 0.08 | 0.11 | 0.13 | 95 | Multisector Bonds | PPT vs CBLDX | |
| EIC Value Fund | 0.12 | 0.19 | 0.26 | 52 | Large Cap Value Equities | PPT vs EICIX | |
| Nationwide Strategic Income A | 0.14 | 0.10 | 0.03 | 99 | Multisector Bonds | PPT vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.14 | 0.09 | 0.04 | 99 | Multisector Bonds | PPT vs NWXHX | |
| 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
The table shows companies with at least $1B in market capitalization, historical correlation data for PPT, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Teradyne, Inc. (TER) (Technology) with a 1Y correlation of 0.13, roughly unchanged from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Teradyne, Inc. | 0.13 | 0.13 | 0.20 | 96 | Technology | |
| Macy's, Inc. | 0.14 | 0.13 | 0.17 | 93 | Consumer Cyclical | |
| Lumentum Holdings Inc. | 0.14 | 0.17 | 0.22 | 98 | Technology | |
| Coherent Corp. | 0.17 | 0.18 | 0.22 | 91 | Technology | |
| Sandisk Corporation | 0.18 | — | — | 100 | Technology |
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