Looking to diversify beyond PGBOX? The mutual funds below have historically moved differently from PGBOX, 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 PGBOX
1 mutual funds have low correlation with PGBOX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Equity Income Fund R6 (OIEJX) (Large Cap Value Equities) with a 1Y correlation of 0.28, up from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Equity Income Fund R6 | 0.28 | 0.20 | 0.12 | 89 | Large Cap Value Equities, Dividend | PGBOX vs OIEJX | |
| JPMorgan Income Fund Class I | 0.64 | 0.71 | 0.69 | 87 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | PGBOX vs JMSIX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.72 | 0.71 | 0.68 | 64 | Intermediate Core Bond | PGBOX vs STWTX | |
| Loomis Sayles Securitized Asset Fund | 0.80 | 0.89 | 0.91 | 64 | Intermediate Core Bond | PGBOX vs LSSAX | |
| PACE Mortgage-Backed Securities Fixed Income Inves... | 0.85 | 0.91 | 0.90 | 58 | Intermediate Core Bond | PGBOX vs PCGTX |
Diversification Analysis
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