Looking to diversify beyond PTEZX? The mutual funds below have the lowest correlation with PTEZX — 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 PTEZX.
Best Diversifiers for PTEZX
1 mutual funds have low correlation with PTEZX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.30, up from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.30 | 0.13 | 0.11 | 72 | Large Cap Blend Equities | PTEZX vs SVPFX | |
| PGIM Short Duration Multi-Sector Bond Fund | 0.31 | 0.18 | 0.15 | 53 | Short-Term Bond | PTEZX vs SDMZX | |
| PGIM Short-Term Corporate Bond Fund | 0.33 | 0.19 | 0.16 | 57 | Short-Term Bond | PTEZX vs PBSMX | |
| PGIM Floating Rate Income Fund | 0.33 | 0.35 | 0.32 | 96 | Bank Loan | PTEZX vs FRFZX | |
| North Square Preferred and Income Securities Fund | 0.50 | 0.35 | 0.42 | 69 | Large Cap Blend Equities | PTEZX vs ORDNX |
See all 47 diversifiers for PTEZX
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