Looking to diversify beyond PTY? The mutual funds below have the lowest correlation with PTY — 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 PTY.
Best Diversifiers for PTY
50 mutual funds have low correlation with PTY (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.06, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.06 | 0.10 | 0.18 | 77 | Energy Equities | PTY vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.08 | 0.17 | 0.16 | 94 | Inflation-Protected Bonds | PTY vs VTAPX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.09 | 0.05 | -0.00 | 92 | Long-Short | PTY vs BDMIX | |
| AQR Long-Short Equity Fund | 0.16 | 0.14 | 0.08 | 51 | Long-Short | PTY vs QLEIX | |
| Fidelity Select Technology Portfolio | 0.19 | 0.17 | 0.28 | 92 | Technology Equities | PTY vs FSPTX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PTY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PTY and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.11, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.11 | 0.04 | 0.09 | 73 | Consumer Defensive | |
| Chevron Corporation | -0.08 | 0.06 | 0.12 | 84 | Energy | |
| ConocoPhillips Company | -0.07 | 0.06 | 0.12 | 78 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | -0.07 | 0.05 | 0.08 | 88 | Energy | |
| Exxon Mobil Corporation | -0.06 | 0.07 | 0.13 | 86 | Energy |
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Build a portfolio that complements PTY
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