Looking to diversify beyond PYTRX? The mutual funds below have the lowest correlation with PYTRX — 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 PYTRX.
Best Diversifiers for PYTRX
3 mutual funds have low correlation with PYTRX (below 0.3), 0 of which are negatively correlated. The least correlated is Putnam Global Technology Fund (PGTYX) (Technology Equities) with a 1Y correlation of 0.19, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Putnam Global Technology Fund | 0.19 | 0.12 | 0.17 | 82 | Technology Equities | PYTRX vs PGTYX | |
| Putnam Large Cap Value Fund | 0.30 | 0.24 | 0.23 | 83 | Large Cap Value Equities | PYTRX vs PEYAX | |
| Putnam Large Cap Value Fund | 0.30 | 0.24 | 0.23 | 84 | Large Cap Value Equities | PYTRX vs PEIYX | |
| Putnam Research Fund | 0.31 | 0.21 | 0.22 | 80 | Large Cap Blend Equities | PYTRX vs PNRAX | |
| Putnam Large Cap Value Fund Class R6 | 0.32 | 0.24 | 0.23 | 84 | Large Cap Value Equities | PYTRX vs PEQSX |
See all 11 diversifiers for PYTRX
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