Looking to diversify beyond PAGRX? The mutual funds below have the lowest correlation with PAGRX — 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 PAGRX.
Best Diversifiers for PAGRX
5 mutual funds have low correlation with PAGRX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Energy Fund (FSTEX) (Energy Equities) with a 1Y correlation of 0.06, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Energy Fund | 0.06 | 0.27 | 0.40 | 70 | Energy Equities | PAGRX vs FSTEX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.11 | 0.02 | 0.03 | 99 | Ultrashort Bond | PAGRX vs PRTBX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.22 | 0.11 | 0.08 | 73 | Large Cap Blend Equities | PAGRX vs SVPFX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.25 | 0.56 | 0.73 | 56 | Large Cap Blend Equities | PAGRX vs QKACX | |
| Federated Hermes MDT All Cap Core Fund | 0.26 | 0.56 | 0.73 | 56 | Large Cap Blend Equities | PAGRX vs QIACX |
See all 224 diversifiers for PAGRX
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