Looking to diversify beyond PGEKX? The mutual funds below have the lowest correlation with PGEKX — 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 PGEKX.
Best Diversifiers for PGEKX
3 mutual funds have low correlation with PGEKX (below 0.3), 0 of which are negatively correlated. The least correlated is Victory Pioneer Multi-Asset Ultrashort Income Fund Class A (MAFRX) (Ultrashort Bond) with a 1Y correlation of 0.09, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Victory Pioneer Multi-Asset Ultrashort Income Fund... | 0.09 | 0.09 | 0.12 | 98 | Ultrashort Bond | PGEKX vs MAFRX | |
| Victory Pioneer Securitized Income Fund Class A | 0.21 | 0.14 | — | 74 | Nontraditional Bonds | PGEKX vs SIFFX | |
| Victory Pioneer Floating Rate Fund Class A | 0.26 | 0.23 | 0.25 | 80 | Bank Loan | PGEKX vs FLARX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.60 | 0.70 | 0.77 | 81 | Global Equities | PGEKX vs RTXAX | |
| SEI Institutional Investments Trust Global Managed... | 0.67 | 0.72 | 0.78 | 55 | Global Equities | PGEKX vs SGMAX |
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