Looking to diversify beyond PGDIX? The mutual funds below have the lowest correlation with PGDIX — 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 PGDIX.
Best Diversifiers for PGDIX
3 mutual funds have low correlation with PGDIX (below 0.3), 0 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of 0.11, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.11 | 0.30 | 0.25 | 99 | Multisector Bonds | PGDIX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.15 | 0.32 | 0.26 | 99 | Multisector Bonds | PGDIX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.28 | 0.28 | 0.28 | 97 | Multisector Bonds | PGDIX vs CBLDX | |
| Principal Diversified Select Real Asset Fund | 0.42 | 0.47 | 0.54 | 95 | Global Allocation | PGDIX vs PDSYX | |
| Easterly Income Opportunities Fund | 0.48 | 0.65 | 0.58 | 80 | Multisector Bonds | PGDIX vs JSVIX |
See all 20 diversifiers for PGDIX
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