Looking to diversify beyond PTXFX? The mutual funds below have the lowest correlation with PTXFX — 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 PTXFX.
Best Diversifiers for PTXFX
10 mutual funds have low correlation with PTXFX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA NY Municipal Bond Portfolio (DNYMX) (Municipal Bonds) with a 1Y correlation of 0.13, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA NY Municipal Bond Portfolio | 0.13 | 0.28 | 0.38 | 99 | Municipal Bonds | PTXFX vs DNYMX | |
| Federated Hermes Conservative Municipal Microshort... | 0.14 | 0.20 | 0.15 | 98 | Municipal Bonds | PTXFX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.14 | 0.21 | 0.19 | 98 | Municipal Bonds | PTXFX vs TFCYX | |
| JPMorgan Ultra-Short Municipal Fund | 0.18 | 0.30 | 0.36 | 99 | Municipal Bonds | PTXFX vs USMSX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.20 | 0.29 | — | 100 | Municipal Bonds | PTXFX vs DFABX |
See all 16 diversifiers for PTXFX
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