Looking to diversify beyond PGINX? The mutual funds below have the lowest correlation with PGINX — 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 PGINX.
Best Diversifiers for PGINX
0 mutual funds have low correlation with PGINX (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 0.36, down from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Global Infrastructure Fund Class A | 0.36 | 0.45 | 0.59 | 51 | Global Equities | PGINX vs CSUAX | |
| Pax High Yield Bond Fund | 0.57 | 0.54 | 0.55 | 71 | High Yield Bonds | PGINX vs PAXHX | |
| Polaris Global Value Fund | 0.58 | 0.68 | 0.74 | 92 | Global Equities | PGINX vs PGVFX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.58 | 0.67 | 0.73 | 76 | Global Equities | PGINX vs RTXAX | |
| Wasatch Global Value Fund Investor Class Shares | 0.63 | 0.61 | 0.67 | 86 | Global Equities | PGINX vs FMIEX |
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