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Putnam Small Cap Value Fund (PSLAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund invests mainly in common stocks of small U.S. companies, with a focus on value stocks. Value stocks are issued by companies that are currently undervalued by the market. The fund invests at least 80% of its net assets in companies of a size similar to those in the Russell 2000 Value Index. The adviser may consider, among other factors, a company's valuation, financial strength, and growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell investments.

Looking to diversify beyond PSLAX? The mutual funds below have the lowest correlation with PSLAX — 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 PSLAX.

Best Diversifiers for PSLAX

1 mutual funds have low correlation with PSLAX (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 0.10, roughly unchanged from 0.05 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
PSDYX
Putnam Ultra Short Duration Income Fund0.100.090.05
98
Ultrashort BondPSLAX vs PSDYX
AVALX
Aegis Value Fund0.420.520.60
87
Small Cap Value EquitiesPSLAX vs AVALX
PGTYX
Putnam Global Technology Fund0.440.480.57
82
Technology EquitiesPSLAX vs PGTYX
PNRAX
Putnam Research Fund0.660.680.74
80
Large Cap Blend EquitiesPSLAX vs PNRAX
PMYYX
Putnam Multi-Cap Core Fund0.740.750.79
53
Large Cap Blend EquitiesPSLAX vs PMYYX
See all 34 diversifiers for PSLAX

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