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
9 mutual funds have low correlation with PUTIX (below 0.3), 3 of which are negatively correlated. The least correlated is PIMCO Commodity Real Return Strategy Fund (PCRIX) (Commodities) with a 1Y correlation of -0.12, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | -0.12 | 0.12 | 0.15 | 78 | Commodities | PUTIX vs PCRIX | |
| Artisan Global Unconstrained Fund | -0.10 | -0.21 | — | 99 | Nontraditional Bonds | PUTIX vs APFPX | |
| T. Rowe Price Dynamic Credit Fund | -0.05 | 0.13 | 0.09 | 83 | Nontraditional Bonds | PUTIX vs RPIDX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.09 | — | — | 100 | Nontraditional Bonds | PUTIX vs CBYYX | |
| Putnam Mortgage Opportunities Fund | 0.10 | 0.07 | 0.03 | 66 | Nontraditional Bonds | PUTIX vs PMOTX |
See all 44 diversifiers for PUTIX
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