Looking to diversify beyond PGEOX? The mutual funds below have the lowest correlation with PGEOX — 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 PGEOX.
Best Diversifiers for PGEOX
6 mutual funds have low correlation with PGEOX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.04, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.16 | 0.48 | 70 | Diversified Portfolio | PGEOX vs MHELX | |
| Putnam Ultra Short Duration Income Fund | 0.14 | 0.13 | 0.09 | 98 | Ultrashort Bond | PGEOX vs PSDYX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.29 | 0.50 | 0.56 | 82 | Diversified Portfolio | PGEOX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.29 | 0.50 | 0.56 | 86 | Diversified Portfolio | PGEOX vs FSIRX | |
| Fidelity Strategic Real Return Fund | 0.30 | 0.50 | 0.56 | 87 | Diversified Portfolio | PGEOX vs FSRRX |
See all 41 diversifiers for PGEOX
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Diversification Analysis
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