Looking to diversify beyond PRZZX? The mutual funds below have the lowest correlation with PRZZX — 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 PRZZX.
Best Diversifiers for PRZZX
1 mutual funds have low correlation with PRZZX (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 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Putnam Ultra Short Duration Income Fund | 0.12 | 0.12 | 0.08 | 99 | Ultrashort Bond | PRZZX vs PSDYX | |
| Putnam Large Cap Value Fund | 0.77 | 0.78 | 0.83 | 83 | Large Cap Value Equities | PRZZX vs PEYAX | |
| Dimensional Retirement Income Fund | 0.77 | 0.78 | 0.75 | 84 | Target Retirement Date | PRZZX vs TDIFX | |
| Putnam Large Cap Value Fund | 0.78 | 0.78 | 0.84 | 84 | Large Cap Value Equities | PRZZX vs PEIYX | |
| Putnam Large Cap Value Fund Class R6 | 0.78 | 0.78 | 0.84 | 84 | Large Cap Value Equities | PRZZX vs PEQSX |
See all 62 diversifiers for PRZZX
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