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
77 mutual funds have low correlation with PTY (below 0.3), 5 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 | 55 | Energy Equities | PTY vs FSENX | |
| PIMCO TRENDS Managed Futures Strategy Fund | -0.05 | -0.10 | -0.12 | 68 | Systematic Trend | PTY vs PQTPX | |
| PIMCO TRENDS Managed Futures Strategy Fund Institu... | -0.05 | -0.10 | -0.12 | 69 | Systematic Trend | PTY vs PQTIX | |
| PIMCO TRENDS Managed Futures Strategy Fund Class A | -0.05 | -0.11 | -0.12 | 65 | Systematic Trend | PTY vs PQTAX | |
| PIMCO Short Asset Investment Fund | -0.00 | 0.08 | 0.07 | 100 | Ultrashort Bond | PTY vs PAIPX |
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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 ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.11, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.11 | 0.05 | 0.12 | 58 | Energy | |
| Occidental Petroleum Corporation | -0.11 | 0.03 | 0.09 | 55 | Energy | |
| Chevron Corporation | -0.09 | 0.05 | 0.12 | 66 | Energy | |
| Energy Transfer LP | -0.09 | 0.16 | 0.25 | 73 | Energy | |
| Antero Midstream Corporation | -0.09 | 0.11 | 0.22 | 80 | Energy |
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Build a portfolio that complements PTY
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