Looking to diversify beyond PYARX? The mutual funds below have the lowest correlation with PYARX — 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 PYARX.
Best Diversifiers for PYARX
8 mutual funds have low correlation with PYARX (below 0.3), 3 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.11, roughly unchanged from -0.09 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.11 | -0.09 | — | 99 | Nontraditional Bonds | PYARX vs APFPX | |
| T. Rowe Price Dynamic Credit Fund | -0.04 | 0.12 | 0.10 | 76 | Nontraditional Bonds | PYARX vs RPIDX | |
| Putnam Mortgage Opportunities Fund | -0.03 | 0.05 | 0.07 | 64 | Nontraditional Bonds | PYARX vs PMOTX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.04 | — | — | 100 | Nontraditional Bonds | PYARX vs CBYYX | |
| PGIM Securitized Credit Fund | 0.06 | 0.08 | 0.15 | 99 | Nontraditional Bonds | PYARX vs SCFZX |
See all 27 diversifiers for PYARX
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