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), 1 of which are negatively correlated. The least correlated is T. Rowe Price Dynamic Credit Fund (RPIDX) (Nontraditional Bonds) with a 1Y correlation of -0.01, roughly unchanged from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Dynamic Credit Fund | -0.01 | -0.08 | -0.08 | 76 | Nontraditional Bonds | PTIAX vs RPIDX | |
| Fidelity Floating Rate High Income Fund | 0.02 | 0.03 | 0.07 | 92 | High Yield Bonds | PTIAX vs FFRHX | |
| Holbrook Income Fund Class I | 0.32 | 0.32 | 0.38 | 98 | Intermediate Core-Plus Bond | PTIAX vs HOBIX | |
| American Funds The Income Fund of America Class A | 0.36 | 0.34 | 0.25 | 53 | Diversified Portfolio, Dividend | PTIAX vs AMECX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.38 | 0.23 | 0.17 | 90 | Intermediate Core-Plus Bond | PTIAX vs LCTRX |
See all 15 diversifiers for PTIAX
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