Looking to diversify beyond PTEBX? The mutual funds below have the lowest correlation with PTEBX — 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 PTEBX.
Best Diversifiers for PTEBX
17 mutual funds have low correlation with PTEBX (below 0.3), 1 of which are negatively correlated. The least correlated is BNY Mellon Natural Resources Fund Class A (DNLAX) (Energy Equities) with a 1Y correlation of -0.02, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Natural Resources Fund Class A | -0.02 | 0.02 | -0.02 | 88 | Energy Equities | PTEBX vs DNLAX | |
| BNY Mellon Technology Growth Fund | 0.11 | 0.09 | 0.10 | 75 | Technology Equities | PTEBX vs DTGRX | |
| DFA Short Term Municipal Bond Portfolio | 0.13 | 0.24 | 0.35 | 99 | Municipal Bonds | PTEBX vs DFSMX | |
| BNY Mellon Dynamic Value Fund | 0.13 | 0.09 | 0.05 | 75 | Large Cap Value Equities | PTEBX vs DAGVX | |
| BNY Mellon Smallcap Stock Index Fund | 0.14 | 0.13 | 0.10 | 52 | Small Cap Blend Equities | PTEBX vs DISSX |
See all 23 diversifiers for PTEBX
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