Looking to diversify beyond PTIMX? The mutual funds below have the lowest correlation with PTIMX — 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 PTIMX.
Best Diversifiers for PTIMX
11 mutual funds have low correlation with PTIMX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Conservative Municipal Microshort Fund (FHMIX) (Municipal Bonds) with a 1Y correlation of 0.08, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Conservative Municipal Microshort... | 0.08 | 0.13 | 0.10 | 98 | Municipal Bonds | PTIMX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.12 | 0.13 | 0.11 | 98 | Municipal Bonds | PTIMX vs TFCYX | |
| JPMorgan Ultra-Short Municipal Fund | 0.14 | 0.32 | 0.38 | 99 | Municipal Bonds | PTIMX vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.15 | 0.25 | 0.35 | 99 | Municipal Bonds | PTIMX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 0.19 | 0.15 | 0.16 | 99 | Municipal Bonds | PTIMX vs ATOIX |
See all 17 diversifiers for PTIMX
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