Looking to diversify beyond PEMGX? The mutual funds below have the lowest correlation with PEMGX — 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 PEMGX.
Best Diversifiers for PEMGX
0 mutual funds have low correlation with PEMGX (below 0.3), 0 of which are negatively correlated. The least correlated is Tarkio Fund (TARKX) (Mid Cap Blend Equities) with a 1Y correlation of 0.50, down from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Tarkio Fund | 0.50 | 0.66 | 0.75 | 68 | Mid Cap Blend Equities | PEMGX vs TARKX | |
| Paradigm Select Fund | 0.51 | 0.67 | 0.77 | 92 | Mid Cap Blend Equities | PEMGX vs PFSLX | |
| Quantified Common Ground Fund | 0.54 | 0.72 | 0.74 | 53 | Mid Cap Blend Equities | PEMGX vs QCGDX | |
| The Texas Fund | 0.54 | 0.70 | 0.72 | 62 | Mid Cap Blend Equities | PEMGX vs BIGTX | |
| Principal Global Multi-Strategy Fund | 0.58 | 0.65 | 0.72 | 96 | Multistrategy | PEMGX vs PSMIX |
See all 23 diversifiers for PEMGX
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