Looking to diversify beyond PTFSX? The mutual funds below have the lowest correlation with PTFSX — 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 PTFSX.
Best Diversifiers for PTFSX
12 mutual funds have low correlation with PTFSX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.01, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.01 | 0.19 | 0.23 | 96 | Municipal Bonds | PTFSX vs DCARX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.08 | 0.29 | — | 100 | Municipal Bonds | PTFSX vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 0.08 | 0.23 | 0.34 | 99 | Municipal Bonds | PTFSX vs DFSMX | |
| DFA Municipal Real Return Portfolio | 0.09 | 0.23 | 0.25 | 95 | Municipal Bonds | PTFSX vs DMREX | |
| DFA California Short Term Municipal Bond Portfolio | 0.14 | 0.33 | 0.40 | 99 | Municipal Bonds | PTFSX vs DFCMX |
See all 20 diversifiers for PTFSX
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