Looking to diversify beyond PRTLX? The mutual funds below have the lowest correlation with PRTLX — 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 PRTLX.
Best Diversifiers for PRTLX
1 mutual funds have low correlation with PRTLX (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 0.12, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Putnam Ultra Short Duration Income Fund | 0.12 | 0.09 | 0.05 | 98 | Ultrashort Bond | PRTLX vs PSDYX | |
| Dimensional Retirement Income Fund | 0.75 | 0.75 | 0.72 | 77 | Target Retirement Date | PRTLX vs TDIFX | |
| Putnam Large Cap Value Fund Class R6 | 0.79 | 0.79 | 0.85 | 84 | Large Cap Value Equities | PRTLX vs PEQSX | |
| Putnam Large Cap Value Fund | 0.79 | 0.79 | 0.85 | 83 | Large Cap Value Equities | PRTLX vs PEYAX | |
| Putnam Large Cap Value Fund | 0.79 | 0.79 | 0.85 | 84 | Large Cap Value Equities | PRTLX vs PEIYX |
See all 61 diversifiers for PRTLX
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