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
71 mutual funds have low correlation with PTY (below 0.3), 10 of which are negatively correlated. The least correlated is PIMCO CommoditiesPLUS Strategy Fund (PCLAX) (Commodities) with a 1Y correlation of -0.18, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO CommoditiesPLUS Strategy Fund | -0.18 | -0.04 | 0.04 | 72 | Commodities | PTY vs PCLAX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.17 | -0.04 | 0.05 | 73 | Commodities | PTY vs PCLIX | |
| PIMCO CommoditiesPLUS Strategy I2 | -0.17 | -0.04 | 0.04 | 73 | Commodities | PTY vs PCLPX | |
| Fidelity Select Energy Portfolio | -0.09 | 0.08 | 0.17 | 88 | Energy Equities | PTY vs FSENX | |
| PIMCO Commodity Real Return Strategy Fund | -0.09 | 0.02 | 0.08 | 62 | Commodities | PTY vs PCRIX |
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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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.16, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.16 | 0.02 | 0.11 | 86 | Energy | |
| Chevron Corporation | -0.16 | 0.02 | 0.11 | 79 | Energy | |
| ConocoPhillips Company | -0.15 | 0.02 | 0.12 | 73 | Energy | |
| Occidental Petroleum Corporation | -0.14 | 0.01 | 0.09 | 71 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | -0.11 | 0.04 | 0.07 | 85 | Energy |
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Build a portfolio that complements PTY
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