Looking to diversify beyond PGGAX? The mutual funds below have the lowest correlation with PGGAX — 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 PGGAX.
Best Diversifiers for PGGAX
1 mutual funds have low correlation with PGGAX (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers Global Infrastructure Fund Class A (CSUAX) (Global Equities) with a 1Y correlation of 0.26, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Global Infrastructure Fund Class A | 0.26 | 0.38 | 0.52 | 51 | Global Equities | PGGAX vs CSUAX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.50 | 0.62 | 0.70 | 76 | Global Equities | PGGAX vs RTXAX | |
| Wasatch Global Value Fund Investor Class Shares | 0.55 | 0.54 | 0.64 | 86 | Global Equities | PGGAX vs FMIEX | |
| SEI Institutional Investments Trust Global Managed... | 0.58 | 0.63 | 0.69 | 61 | Global Equities | PGGAX vs SGMAX | |
| LSV Global Managed Volatility Fund | 0.59 | 0.63 | 0.71 | 84 | Global Equities | PGGAX vs LVAFX |
See all 29 diversifiers for PGGAX
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