Looking to diversify beyond PDGIX? The mutual funds below have the lowest correlation with PDGIX — 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 PDGIX.
Best Diversifiers for PDGIX
2 mutual funds have low correlation with PDGIX (below 0.3), 0 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of 0.25, down from 0.64 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.25 | 0.52 | 0.64 | 70 | Large Cap Value Equities | PDGIX vs LEXCX | |
| T. Rowe Price Floating Rate Fund | 0.26 | 0.30 | 0.28 | 91 | High Yield Bonds | PDGIX vs PRFRX | |
| AQR Diversifying Strategies Fund Class N | 0.34 | 0.28 | 0.13 | 91 | Tactical Allocation | PDGIX vs QDSNX | |
| AMG Yacktman Focused Fund | 0.40 | 0.63 | 0.73 | 86 | Large Cap Value Equities | PDGIX vs YAFFX | |
| T. Rowe Price Science And Technology Fund | 0.43 | 0.56 | 0.64 | 56 | Technology Equities | PDGIX vs PRSCX |
See all 65 diversifiers for PDGIX
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