Looking to diversify beyond PGBOX? The mutual funds below have the lowest correlation with PGBOX — 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 PGBOX.
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 0.30, up from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Equity Income Fund R6 | 0.30 | 0.20 | 0.11 | 77 | Large Cap Value Equities, Dividend | PGBOX vs OIEJX | |
| JPMorgan Income Fund | 0.67 | 0.72 | 0.68 | 81 | Multisector Bonds | PGBOX vs JMSIX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.68 | 0.71 | 0.68 | 53 | Intermediate Core Bond | PGBOX vs STWTX | |
| Loomis Sayles Securitized Asset Fund | 0.79 | 0.90 | 0.91 | 64 | Intermediate Core Bond | PGBOX vs LSSAX | |
| PACE Mortgage-Backed Securities Fixed Income Inves... | 0.84 | 0.91 | 0.90 | 54 | Intermediate Core Bond | PGBOX vs PCGTX |
Diversification Analysis
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