Looking to diversify beyond PRRUX? The mutual funds below have the lowest correlation with PRRUX — 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 PRRUX.
Best Diversifiers for PRRUX
1 mutual funds have low correlation with PRRUX (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 0.11, 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 | 0.11 | 0.10 | 0.06 | 99 | Ultrashort Bond | PRRUX vs PSDYX | |
| Dimensional Retirement Income Fund | 0.76 | 0.76 | 0.73 | 74 | Target Retirement Date | PRRUX vs TDIFX | |
| Putnam Large Cap Value Fund Class R6 | 0.79 | 0.79 | 0.85 | 87 | Large Cap Value Equities | PRRUX vs PEQSX | |
| Putnam Large Cap Value Fund | 0.79 | 0.79 | 0.85 | 86 | Large Cap Value Equities | PRRUX vs PEYAX | |
| Putnam Large Cap Value Fund | 0.79 | 0.79 | 0.85 | 87 | Large Cap Value Equities | PRRUX vs PEIYX |
See all 43 diversifiers for PRRUX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PRRUX
Add PRRUX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PRRUX