Looking to diversify beyond PGBIX? The mutual funds below have historically moved differently from PGBIX, 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 PGBIX
1 mutual funds have low correlation with PGBIX (below 0.3), 1 of which are negatively correlated. The least correlated is PIMCO Commodity Real Return Strategy Fund (PCRIX) (Commodities) with a 1Y correlation of -0.20, down from 0.07 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 | -0.20 | 0.01 | 0.07 | 70 | Commodities | PGBIX vs PCRIX | |
| DFA Two Year Global Fixed Income Portfolio | 0.30 | 0.09 | 0.26 | 100 | Global Bonds | PGBIX vs DFGFX | |
| PIMCO RAE US Small Fund | 0.37 | 0.30 | 0.22 | 85 | Small Cap Value Equities | PGBIX vs PMJIX | |
| Destinations Global Fixed Income Opportunities Fun... | 0.38 | 0.45 | 0.45 | 98 | Global Bonds | PGBIX vs DGFFX | |
| Eaton Vance Global Bond Fund | 0.49 | 0.58 | 0.57 | 96 | Global Bonds | PGBIX vs EAIIX |
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