Looking to diversify beyond PTSHX? The mutual funds below have historically moved differently from PTSHX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PTSHX
61 mutual funds have low correlation with PTSHX (below 0.3), 9 of which are negatively correlated. The least correlated is Vanguard Ultra-Short-Term Bond Fund Investor Shares (VUBFX) (Total Bond Market) with a 1Y correlation of -0.10, roughly unchanged from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Ultra-Short-Term Bond Fund Investor Share... | -0.10 | -0.06 | -0.02 | 99 | Total Bond Market | PTSHX vs VUBFX | |
| PIMCO Commodity Real Return Strategy Fund | -0.09 | -0.01 | 0.00 | 69 | Commodities | PTSHX vs PCRIX | |
| Tactical Multi-Purpose Fund | -0.09 | -0.02 | 0.01 | 100 | Ultrashort Bond | PTSHX vs TMPFX | |
| SA U.S. Fixed Income Fund | -0.06 | -0.08 | -0.05 | 93 | Ultrashort Bond | PTSHX vs SAUFX | |
| Vanguard Ultra-Short-Term Bond Fund Admiral Shares | -0.05 | -0.08 | -0.05 | 100 | Total Bond Market | PTSHX vs VUSFX |
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