Looking to diversify beyond PGIIX? The mutual funds below have historically moved differently from PGIIX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PGIIX
4 mutual funds have low correlation with PGIIX (below 0.3), 1 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of -0.06, down from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | -0.06 | 0.26 | 0.42 | 70 | Quality Factor, Global Equities | PGIIX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.05 | 0.20 | 0.40 | 79 | Infrastructure Equities, Global Equities | PGIIX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.11 | 0.25 | 0.46 | 66 | Infrastructure Equities, Global Equities | PGIIX vs FGIAX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.27 | 0.39 | 0.53 | 92 | Global Equities | PGIIX vs RTXAX | |
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.31 | 0.26 | 0.33 | 90 | Multistrategy, Systematic Trend, Global Equities | PGIIX vs MBXIX |
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