Looking to diversify beyond AGOCX? The mutual funds below have the lowest correlation with AGOCX — 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 AGOCX.
Best Diversifiers for AGOCX
1 mutual funds have low correlation with AGOCX (below 0.3), 0 of which are negatively correlated. The least correlated is PGIM Floating Rate Income Fund (FRFZX) (Bank Loan) with a 1Y correlation of 0.22, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Floating Rate Income Fund | 0.22 | 0.28 | 0.29 | 96 | Bank Loan | AGOCX vs FRFZX | |
| PGIM Short-Term Corporate Bond Fund | 0.35 | 0.27 | 0.21 | 57 | Short-Term Bond | AGOCX vs PBSMX | |
| PGIM Short Duration Multi-Sector Bond Fund | 0.36 | 0.26 | 0.21 | 53 | Short-Term Bond | AGOCX vs SDMZX | |
| PGIM High Yield Fund Class R6 | 0.50 | 0.47 | 0.48 | 72 | High Yield Bonds | AGOCX vs PHYQX | |
| T. Rowe Price Global Technology Fund I Class | 0.52 | 0.53 | 0.56 | 87 | Technology Equities, Global Equities | AGOCX vs PGTIX |
See all 30 diversifiers for AGOCX
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