Looking to diversify beyond PAGRX? The mutual funds below have historically moved differently from PAGRX, 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 PAGRX
5 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) (Infrastructure Equities) with a 1Y correlation of -0.06, down from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Energy Infrastructure Fund | -0.06 | 0.29 | 0.46 | 73 | Infrastructure Equities, Energy Equities | PAGRX vs GLEIX | |
| Invesco Energy Fund | 0.00 | 0.22 | 0.38 | 71 | Energy Equities | PAGRX vs FSTEX | |
| JHancock Infrastructure Fund | 0.09 | 0.26 | 0.43 | 75 | Infrastructure Equities, Energy Equities | PAGRX vs JEEIX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.13 | 0.03 | 0.03 | 99 | Ultrashort Bond | PAGRX vs PRTBX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.28 | 0.12 | 0.09 | 97 | Large Cap Blend Equities | PAGRX vs SVPFX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PAGRX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.06, down from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.06 | 0.19 | 0.40 | 67 | Financial Services |
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