Looking to diversify beyond PTCRX? The mutual funds below have historically moved differently from PTCRX, 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 PTCRX
3 mutual funds have low correlation with PTCRX (below 0.3), 1 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of -0.00, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | -0.00 | 0.18 | 0.14 | 99 | Multisector Bonds | PTCRX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.07 | 0.20 | 0.15 | 99 | Multisector Bonds | PTCRX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.24 | 0.26 | 0.25 | 96 | Multisector Bonds | PTCRX vs CBLDX | |
| Oaktree Diversified Income Fund Inc. Class D | 0.45 | 0.42 | — | 98 | Multisector Bonds | PTCRX vs ODIDX | |
| Intrepid Income Fund | 0.48 | 0.50 | 0.48 | 97 | Multisector Bonds, High Yield Bonds, Actively Managed | PTCRX vs ICMUX |
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