Looking to diversify beyond PGFIX? The mutual funds below have the lowest correlation with PGFIX — 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 PGFIX.
Best Diversifiers for PGFIX
2 mutual funds have low correlation with PGFIX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Seix Floating Rate High Income Fund (SAMBX) (Bank Loan) with a 1Y correlation of 0.25, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Seix Floating Rate High Income Fund | 0.25 | 0.23 | 0.24 | 97 | Bank Loan | PGFIX vs SAMBX | |
| The Merger Fund | 0.29 | 0.26 | 0.30 | 97 | Event Driven | PGFIX vs MERFX | |
| Emerald Insights Fund | 0.38 | 0.76 | 0.85 | 99 | Large Cap Growth Equities | PGFIX vs EFCNX | |
| ICON Equity Fund | 0.54 | 0.50 | 0.66 | 76 | Large Cap Growth Equities | PGFIX vs IOLZX | |
| PrimeCap Odyssey Growth Fund | 0.71 | 0.74 | 0.82 | 93 | Large Cap Growth Equities | PGFIX vs POGRX |
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