Looking to diversify beyond PGAIX? The mutual funds below have the lowest correlation with PGAIX — 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 PGAIX.
Best Diversifiers for PGAIX
1 mutual funds have low correlation with PGAIX (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.25, up from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.25 | 0.08 | -0.05 | 85 | Global Allocation | PGAIX vs LFMIX | |
| Hartford Real Asset Fund | 0.41 | 0.53 | 0.63 | 88 | Global Allocation | PGAIX vs HRLYX | |
| Allspring Absolute Return Fund | 0.49 | 0.65 | 0.61 | 91 | Global Allocation | PGAIX vs WARAX | |
| MH Elite Select Portfolio of Funds Fund | 0.49 | 0.48 | 0.69 | 57 | Global Allocation | PGAIX vs MHESX | |
| Principal Diversified Select Real Asset Fund | 0.53 | 0.62 | 0.71 | 92 | Global Allocation | PGAIX vs PDSYX |
See all 20 diversifiers for PGAIX
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