Looking to diversify beyond PRRYX? The mutual funds below have the lowest correlation with PRRYX — 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 PRRYX.
Best Diversifiers for PRRYX
1 mutual funds have low correlation with PRRYX (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 0.15, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Putnam Ultra Short Duration Income Fund | 0.15 | 0.14 | 0.10 | 98 | Ultrashort Bond | PRRYX vs PSDYX | |
| Dimensional Retirement Income Fund | 0.74 | 0.80 | 0.77 | 85 | Target Retirement Date | PRRYX vs TDIFX | |
| Putnam Global Technology Fund | 0.76 | 0.79 | 0.83 | 90 | Technology Equities | PRRYX vs PGTYX | |
| Putnam Large Cap Value Fund Class R6 | 0.78 | 0.78 | 0.83 | 76 | Large Cap Value Equities | PRRYX vs PEQSX | |
| Putnam Large Cap Value Fund | 0.78 | 0.78 | 0.83 | 75 | Large Cap Value Equities | PRRYX vs PEYAX |
See all 42 diversifiers for PRRYX
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