Looking to diversify beyond GTRAX? The mutual funds below have the lowest correlation with GTRAX — 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 GTRAX.
Best Diversifiers for GTRAX
1 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 0.25, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Jennison Natural Resources Fund | 0.25 | 0.23 | 0.21 | 66 | Energy Equities | GTRAX vs PGNAX | |
| ProFunds NASDAQ-100 Fund | 0.32 | 0.22 | 0.26 | 61 | Large Cap Growth Equities | GTRAX vs OTPIX | |
| PGIM Jennison Emerging Markets Equity Opportunitie... | 0.32 | 0.27 | 0.30 | 56 | Emerging Markets Diversified | GTRAX vs PDEZX | |
| PGIM Floating Rate Income Fund | 0.33 | 0.17 | 0.22 | 96 | Bank Loan | GTRAX vs FRFZX | |
| PGIM Quant Solutions Small-Cap Value Fund | 0.37 | 0.31 | 0.26 | 85 | Small Cap Value Equities | GTRAX vs TASVX |
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