Looking to diversify beyond PTSAX? The mutual funds below have the lowest correlation with PTSAX — 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 PTSAX.
Best Diversifiers for PTSAX
2 mutual funds have low correlation with PTSAX (below 0.3), 1 of which are negatively correlated. The least correlated is PIMCO Commodity Real Return Strategy Fund (PCRIX) (Commodities) with a 1Y correlation of -0.22, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | -0.22 | 0.03 | 0.06 | 74 | Commodities | PTSAX vs PCRIX | |
| PIMCO RAE US Small Fund | 0.25 | 0.22 | 0.10 | 62 | Small Cap Value Equities | PTSAX vs PMJIX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.46 | 0.29 | 0.20 | 89 | Intermediate Core-Plus Bond | PTSAX vs LCTRX | |
| Holbrook Income Fund Class I | 0.47 | 0.42 | 0.44 | 98 | Intermediate Core-Plus Bond | PTSAX vs HOBIX | |
| Leader Capital High Quality Income Fund Institutio... | 0.50 | 0.26 | 0.18 | 92 | Intermediate Core-Plus Bond | PTSAX vs LCTIX |
See all 10 diversifiers for PTSAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PTSAX
Add PTSAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PTSAX