Looking to diversify beyond PTIAX? The mutual funds below have the lowest correlation with PTIAX — 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 PTIAX.
Best Diversifiers for PTIAX
2 mutual funds have low correlation with PTIAX (below 0.3), 2 of which are negatively correlated. The least correlated is Fidelity Floating Rate High Income Fund (FFRHX) (Bank Loan) with a 1Y correlation of -0.01, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Floating Rate High Income Fund | -0.01 | 0.03 | 0.07 | 92 | Bank Loan | PTIAX vs FFRHX | |
| T. Rowe Price Dynamic Credit Fund | -0.00 | -0.10 | -0.08 | 76 | Nontraditional Bonds | PTIAX vs RPIDX | |
| Holbrook Income Fund Class I | 0.33 | 0.32 | 0.38 | 98 | Intermediate Core-Plus Bond | PTIAX vs HOBIX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.46 | 0.24 | 0.18 | 92 | Intermediate Core-Plus Bond | PTIAX vs LCTRX | |
| Leader Capital High Quality Income Fund Institutio... | 0.47 | 0.23 | 0.15 | 94 | Intermediate Core-Plus Bond | PTIAX vs LCTIX |
See all 12 diversifiers for PTIAX
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