Looking to diversify beyond PAGDX? The mutual funds below have historically moved differently from PAGDX, 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 PAGDX
2 mutual funds have low correlation with PAGDX (below 0.3), 0 of which are negatively correlated. The least correlated is Permanent Portfolio Short-Term Treasury Portfolio (PRTBX) (Ultrashort Bond) with a 1Y correlation of 0.13, up from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Permanent Portfolio Short-Term Treasury Portfolio | 0.13 | 0.03 | 0.03 | 99 | Ultrashort Bond | PAGDX vs PRTBX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.28 | 0.12 | 0.09 | 97 | Large Cap Blend Equities | PAGDX vs SVPFX | |
| Permanent Portfolio Versatile Bond Portfolio | 0.36 | 0.27 | 0.25 | 78 | Short-Term Bond | PAGDX vs PRVBX | |
| Federated Hermes MDT All Cap Core Fund | 0.41 | 0.56 | 0.74 | 53 | Large Cap Blend Equities | PAGDX vs QIACX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.41 | 0.56 | 0.74 | 50 | Large Cap Blend Equities | PAGDX vs QKACX |
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