Looking to diversify beyond PGAIX? The mutual funds below have historically moved differently from PGAIX, 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 PGAIX
2 mutual funds have low correlation with PGAIX (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO Commodity Real Return Strategy Fund (PCRIX) (Commodities) with a 1Y correlation of 0.01, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | 0.01 | 0.15 | 0.24 | 69 | Commodities | PGAIX vs PCRIX | |
| LoCorr Macro Strategies Fund Class I | 0.28 | 0.10 | -0.06 | 79 | Global Allocation | PGAIX vs LFMIX | |
| Wilmington Real Asset Fund | 0.30 | 0.49 | 0.58 | 90 | Global Allocation | PGAIX vs WMRIX | |
| Hartford Real Asset Fund | 0.37 | 0.51 | 0.61 | 97 | Global Allocation | PGAIX vs HRLYX | |
| MH Elite Select Portfolio of Funds Fund | 0.40 | 0.44 | 0.67 | 68 | Global Allocation | PGAIX vs MHESX |
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