Looking to diversify beyond PRTYX? The mutual funds below have the lowest correlation with PRTYX — 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 PRTYX.
Best Diversifiers for PRTYX
1 mutual funds have low correlation with PRTYX (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 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Putnam Ultra Short Duration Income Fund | 0.11 | 0.08 | 0.05 | 98 | Ultrashort Bond | PRTYX vs PSDYX | |
| Dimensional Retirement Income Fund | 0.71 | 0.74 | 0.71 | 83 | Target Retirement Date | PRTYX vs TDIFX | |
| Prudential Day One Income Fund | 0.78 | 0.78 | 0.79 | 85 | Target Retirement Date | PRTYX vs PDAHX | |
| Putnam Large Cap Value Fund | 0.78 | 0.79 | 0.85 | 81 | Large Cap Value Equities | PRTYX vs PEIYX | |
| Putnam Global Technology Fund | 0.78 | 0.83 | 0.86 | 91 | Technology Equities | PRTYX vs PGTYX |
See all 44 diversifiers for PRTYX
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