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
4 mutual funds have low correlation with PAGRX (below 0.3), 1 of which are negatively correlated. The least correlated is Goldman Sachs Energy Infrastructure Fund (GLEIX) (Energy Equities) with a 1Y correlation of -0.04, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Energy Infrastructure Fund | -0.04 | 0.30 | 0.47 | 78 | Energy Equities | PAGRX vs GLEIX | |
| JHancock Infrastructure Fund | 0.10 | 0.27 | 0.44 | 77 | Energy Equities | PAGRX vs JEEIX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.12 | 0.03 | 0.03 | 99 | Ultrashort Bond | PAGRX vs PRTBX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.25 | 0.12 | 0.09 | 95 | Large Cap Blend Equities | PAGRX vs SVPFX | |
| Permanent Portfolio Versatile Bond Portfolio | 0.35 | 0.27 | 0.25 | 80 | Short-Term Bond | PAGRX vs PRVBX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PAGRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PAGRX and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.02, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.02 | 0.19 | 0.41 | 52 | Financial Services |
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