Looking to diversify beyond GTRAX? The mutual funds below have historically moved differently from GTRAX, 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 GTRAX
2 mutual funds have low correlation with GTRAX (below 0.3), 0 of which are negatively correlated. The least correlated is PGIM Jennison Natural Resources Fund (PGNAX) (Energy Equities) with a 1Y correlation of 0.23, roughly unchanged from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Jennison Natural Resources Fund | 0.23 | 0.21 | 0.22 | 79 | Energy Equities | GTRAX vs PGNAX | |
| DFA Two Year Global Fixed Income Portfolio | 0.28 | 0.08 | 0.32 | 100 | Global Bonds | GTRAX vs DFGFX | |
| PGIM Floating Rate Income Fund | 0.30 | 0.16 | 0.23 | 97 | Bank Loan | GTRAX vs FRFZX | |
| PGIM US Real Estate Fund | 0.30 | 0.37 | 0.38 | 77 | REIT | GTRAX vs PJEZX | |
| PGIM Quant Solutions Small-Cap Value Fund | 0.38 | 0.29 | 0.28 | 93 | Small Cap Value Equities | GTRAX vs TASVX |
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