Looking to diversify beyond PTLDX? The mutual funds below have the lowest correlation with PTLDX — 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 PTLDX.
Best Diversifiers for PTLDX
9 mutual funds have low correlation with PTLDX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Institutional Floating Rate Fund (RPIFX) (Bank Loan) with a 1Y correlation of 0.02, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Institutional Floating Rate Fund | 0.02 | 0.16 | 0.17 | 88 | Bank Loan | PTLDX vs RPIFX | |
| DFA Two-Year Fixed Income Portfolio | 0.06 | -0.00 | 0.32 | 68 | Short-Term Bond | PTLDX vs DFCFX | |
| PIMCO RAE US Small Fund | 0.15 | 0.10 | 0.10 | 72 | Small Cap Value Equities | PTLDX vs PMJIX | |
| GuidePath Absolute Return Allocation Fund | 0.15 | 0.47 | 0.53 | 57 | Short-Term Bond | PTLDX vs GPARX | |
| Leader Short Term High Yield Bond Fund | 0.20 | 0.16 | 0.19 | 79 | Short-Term Bond | PTLDX vs LCCMX |
See all 22 diversifiers for PTLDX
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