Looking to diversify beyond PTTPX? The mutual funds below have the lowest correlation with PTTPX — 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 PTTPX.
Best Diversifiers for PTTPX
2 mutual funds have low correlation with PTTPX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Strategic Income Opportunities Fund Class I (JSOSX) (Total Bond Market) with a 1Y correlation of 0.20, up from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Strategic Income Opportunities Fund Class... | 0.20 | -0.20 | -0.24 | 99 | Total Bond Market | PTTPX vs JSOSX | |
| Fidelity Flex Conservative Income Bond Fund | 0.29 | 0.30 | 0.30 | 99 | Total Bond Market | PTTPX vs FJTDX | |
| PIMCO RAE US Small Fund | 0.31 | 0.24 | 0.12 | 72 | Small Cap Value Equities | PTTPX vs PMJIX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.33 | 0.37 | 0.35 | 99 | Total Bond Market | PTTPX vs FCNVX | |
| Vanguard Ultra-Short-Term Bond Fund Investor Share... | 0.33 | 0.46 | 0.51 | 100 | Total Bond Market | PTTPX vs VUBFX |
See all 11 diversifiers for PTTPX
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