Looking to diversify beyond PTTRX? The mutual funds below have the lowest correlation with PTTRX — 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 PTTRX.
Best Diversifiers for PTTRX
16 mutual funds have low correlation with PTTRX (below 0.3), 5 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Investor Shares (VMNFX) (Long-Short) with a 1Y correlation of -0.13, roughly unchanged from -0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Investor Shares | -0.13 | -0.12 | -0.17 | 88 | Long-Short | PTTRX vs VMNFX | |
| PIMCO TRENDS Managed Futures Strategy Fund | -0.03 | -0.08 | -0.20 | 78 | Systematic Trend | PTTRX vs PQTPX | |
| PIMCO TRENDS Managed Futures Strategy Fund Institu... | -0.02 | -0.08 | -0.20 | 79 | Systematic Trend | PTTRX vs PQTIX | |
| PIMCO TRENDS Managed Futures Strategy Fund Class A | -0.02 | -0.08 | -0.20 | 77 | Systematic Trend | PTTRX vs PQTAX | |
| BlackRock Global Long/Short Equity Fund Class I | -0.01 | 0.02 | 0.00 | 96 | Long-Short | PTTRX vs BDMIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PTTRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PTTRX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.01, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.01 | 0.04 | 0.06 | 72 | Technology | |
| Advanced Micro Devices, Inc. | 0.09 | 0.07 | 0.08 | 97 | Technology | |
| Johnson & Johnson | 0.21 | 0.16 | 0.16 | 96 | Healthcare | |
| PACCAR Inc | 0.28 | 0.15 | 0.07 | 74 | Industrials |
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