Looking to diversify beyond PTUIX? The mutual funds below have historically moved differently from PTUIX, 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 PTUIX
1 mutual funds have low correlation with PTUIX (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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | -0.22 | 0.01 | 0.06 | 70 | Commodities | PTUIX vs PCRIX | |
| PIMCO RAE US Small Fund | 0.32 | 0.23 | 0.11 | 85 | Small Cap Value Equities | PTUIX vs PMJIX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.69 | 0.71 | 0.68 | 56 | Intermediate Core Bond | PTUIX vs STWTX |
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