Looking to diversify beyond PTCRX? The mutual funds below have the lowest correlation with PTCRX — 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 PTCRX.
Best Diversifiers for PTCRX
5 mutual funds have low correlation with PTCRX (below 0.3), 2 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of -0.18, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | -0.18 | 0.18 | 0.12 | 99 | Multisector Bonds | PTCRX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | -0.07 | 0.21 | 0.13 | 99 | Multisector Bonds | PTCRX vs NWXHX | |
| CrossingBridge Responsible Credit Fund | 0.12 | 0.16 | 0.23 | 68 | Multisector Bonds | PTCRX vs CBRDX | |
| Potomac Managed Volatility Fund | 0.18 | 0.44 | 0.30 | 69 | Multisector Bonds | PTCRX vs CRMVX | |
| CrossingBridge Low Duration High Yield Fund | 0.20 | 0.23 | 0.24 | 97 | Multisector Bonds | PTCRX vs CBLDX |
See all 19 diversifiers for PTCRX
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