Looking to diversify beyond PTA? The mutual funds below have historically moved differently from PTA, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PTA
2 mutual funds have low correlation with PTA (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers Global Infrastructure Fund Class A (CSUAX) (Infrastructure Equities) with a 1Y correlation of 0.21, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Global Infrastructure Fund Class A | 0.21 | 0.34 | 0.38 | 79 | Infrastructure Equities, Global Equities | PTA vs CSUAX | |
| Cohen & Steers Global Infrastructure Fund, Inc. | 0.21 | 0.34 | 0.38 | 80 | Infrastructure Equities, Energy Equities | PTA vs CSUIX | |
| Cohen & Steers Real Assets Fund Inc | 0.30 | 0.31 | 0.35 | 65 | Global Allocation | PTA vs RAPZX | |
| Nuveen Preferred Securities & Income Fund | 0.35 | 0.39 | 0.42 | 73 | Preferred Stock | PTA vs NPSRX | |
| Cohen & Steers Preferred Securities and Income SMA... | 0.36 | 0.34 | 0.38 | 85 | Preferred Stock | PTA vs PISHX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PTA, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is BlackRock Capital Allocation Term Trust (BCAT) (Financial Services) with a 1Y correlation of 0.50, roughly unchanged from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Capital Allocation Term Trust | 0.50 | 0.40 | 0.46 | 95 | Financial Services |
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