Looking to diversify beyond PRVYX? The mutual funds below have the lowest correlation with PRVYX — 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 PRVYX.
Best Diversifiers for PRVYX
1 mutual funds have low correlation with PRVYX (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 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Putnam Ultra Short Duration Income Fund | 0.12 | 0.10 | 0.06 | 98 | Ultrashort Bond | PRVYX vs PSDYX | |
| Dimensional Retirement Income Fund | 0.72 | 0.77 | 0.74 | 83 | Target Retirement Date | PRVYX vs TDIFX | |
| Putnam Large Cap Value Fund | 0.78 | 0.79 | 0.84 | 80 | Large Cap Value Equities | PRVYX vs PEYAX | |
| Putnam Large Cap Value Fund Class R6 | 0.78 | 0.79 | 0.85 | 81 | Large Cap Value Equities | PRVYX vs PEQSX | |
| Putnam Large Cap Value Fund | 0.78 | 0.79 | 0.85 | 81 | Large Cap Value Equities | PRVYX vs PEIYX |
See all 47 diversifiers for PRVYX
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