Looking to diversify beyond AGOCX? The mutual funds below have historically moved differently from AGOCX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for AGOCX
2 mutual funds have low correlation with AGOCX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Equity Income Fund (LEIFX) (Dividend) with a 1Y correlation of 0.16, down from 0.70 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.16 | 0.48 | 0.70 | 72 | Dividend, Large Cap Value Equities | AGOCX vs LEIFX | |
| PGIM Floating Rate Income Fund | 0.20 | 0.27 | 0.29 | 97 | Bank Loan | AGOCX vs FRFZX | |
| PGIM Short-Term Corporate Bond Fund | 0.31 | 0.26 | 0.21 | 66 | Short-Term Bond | AGOCX vs PBSMX | |
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.36 | 0.57 | 0.70 | 93 | Dividend | AGOCX vs SVAAX | |
| PGIM Short Duration Multi-Sector Bond Fund | 0.36 | 0.25 | 0.22 | 63 | Short-Term Bond | AGOCX vs SDMZX |
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