Looking to diversify beyond PGILX? The mutual funds below have the lowest correlation with PGILX — 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 PGILX.
Best Diversifiers for PGILX
1 mutual funds have low correlation with PGILX (below 0.3), 0 of which are negatively correlated. The least correlated is Putnam Ultra Short Duration Income Fund (PSDYX) (Ultrashort Bond) with a 1Y correlation of 0.07, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Putnam Ultra Short Duration Income Fund | 0.07 | 0.06 | 0.04 | 98 | Ultrashort Bond | PGILX vs PSDYX | |
| Emerald Insights Fund | 0.35 | 0.77 | 0.84 | 99 | Large Cap Growth Equities | PGILX vs EFCNX | |
| ICON Equity Fund | 0.70 | 0.68 | 0.78 | 76 | Large Cap Growth Equities | PGILX vs IOLZX | |
| Putnam Large Cap Value Fund Class R6 | 0.72 | 0.75 | 0.83 | 81 | Large Cap Value Equities | PGILX vs PEQSX | |
| Putnam Large Cap Value Fund | 0.72 | 0.75 | 0.83 | 81 | Large Cap Value Equities | PGILX vs PEIYX |
See all 21 diversifiers for PGILX
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