Looking to diversify beyond PUTIX? The mutual funds below have the lowest correlation with PUTIX — 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 PUTIX.
Best Diversifiers for PUTIX
7 mutual funds have low correlation with PUTIX (below 0.3), 1 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.13, roughly unchanged from -0.20 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.13 | -0.20 | — | 99 | Nontraditional Bonds | PUTIX vs APFPX | |
| Putnam Mortgage Opportunities Fund | 0.03 | 0.06 | 0.03 | 88 | Nontraditional Bonds | PUTIX vs PMOTX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.04 | — | — | 100 | Nontraditional Bonds | PUTIX vs CBYYX | |
| Dunham Long/Short Credit Fund | 0.18 | -0.05 | -0.02 | 95 | Nontraditional Bonds | PUTIX vs DCAIX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.18 | 0.23 | 0.06 | 99 | Nontraditional Bonds | PUTIX vs EIGMX |
See all 40 diversifiers for PUTIX
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