Looking to diversify beyond PTA? The mutual funds below have the lowest correlation with PTA — 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 PTA.
Best Diversifiers for PTA
1 mutual funds have low correlation with PTA (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers MLP & Energy Opportunity Fund, Inc. (MLOZX) (Energy Equities) with a 1Y correlation of 0.14, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers MLP & Energy Opportunity Fund, Inc. | 0.14 | 0.27 | 0.31 | 97 | Energy Equities | PTA vs MLOZX | |
| Nuveen Preferred Securities & Income Fund | 0.32 | 0.39 | 0.41 | 79 | Preferred Stock/Convertible Bonds | PTA vs NPSRX | |
| Principal Capital Securities Fund | 0.33 | 0.32 | 0.36 | 76 | Preferred Stock/Convertible Bonds | PTA vs PCSFX | |
| PIMCO Preferred and Capital Securities Fund | 0.34 | 0.37 | 0.37 | 74 | Preferred Stock/Convertible Bonds | PTA vs PFINX | |
| Cohen & Steers Preferred Securities and Income SMA... | 0.36 | 0.35 | 0.37 | 88 | Preferred Stock/Convertible Bonds | PTA vs PISHX |
See all 19 diversifiers for PTA
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