Putnam Diversified Correlations

Mutual Funds . USA . 
Fund . Putnam Diversified Income
PDINX Fund  USD 5.02  0.01  0.20%   
The current 90-days correlation between Putnam Diversified Income and Siit Emerging Markets is 0.37 (i.e., Weak diversification). The correlation of Putnam Diversified is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Putnam Diversified Correlation With Market

Significant diversification

The correlation between Putnam Diversified Income and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Putnam Diversified Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Putnam Diversified Income. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Putnam Mutual Fund

  0.94PEYAX Putnam Equity IncomePairCorr
  0.94PFICX Putnam Floating RatePairCorr
  0.97PFJAX Putnam High YieldPairCorr
  0.94PFLRX Putnam Floating RatePairCorr
  0.95PFLLX Putnam Floating RatePairCorr
  0.94PFRYX Putnam Floating RatePairCorr
  0.94PFRZX Putnam Floating RatePairCorr
  0.63PXMNX Putnam Minnesota TaxPairCorr
  0.83PGBRX Putnam Global IncomePairCorr
  0.96PGEYX George PutnamPairCorr
  0.97PGFMX Putnam Global FinancialsPairCorr
  0.96PGEJX George Putnam BalancedPairCorr
  0.96PGEOX George PutnamPairCorr
  0.96PGELX George Putnam BalancedPairCorr
  0.96PGEMX George PutnamPairCorr
  0.84PGGYX Putnam Global IncmPairCorr
  0.85PGGDX Putnam Global IncomePairCorr
  0.85PGGEX Putnam Global IncomePairCorr
  0.8PGGLX Putnam Global IncmPairCorr
  0.86PGGIX Putnam Global IncomePairCorr
  0.95PGIAX Pnc Fds GrPairCorr
  0.95PGIEX Putnam Global IndustrialsPairCorr
  0.95PGIOX Putnam Global IndustrialsPairCorr
  0.95PGILX Putnam Global IndustrialsPairCorr
  0.94PGLEX Putnam Global EquityPairCorr
  0.94PGLRX Putnam Global EquityPairCorr
  0.94PGODX Putnam Growth OpportPairCorr
  0.94PGOEX Putnam Growth OpportPairCorr
  0.96PGPRX George PutnamPairCorr
  0.94PGORX Putnam Growth OpportPairCorr
  0.94PGOYX Putnam Growth OpportPairCorr
  0.96PGPCX George PutnamPairCorr
  0.83PGSIX Putnam U SPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Putnam Mutual Fund performing well and Putnam Diversified Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Putnam Diversified's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY