Looking to diversify beyond PGOAX? The mutual funds below have the lowest correlation with PGOAX — 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 PGOAX.
Best Diversifiers for PGOAX
8 mutual funds have low correlation with PGOAX (below 0.3), 0 of which are negatively correlated. The least correlated is PGIM Securitized Credit Fund (SCFZX) (Nontraditional Bonds) with a 1Y correlation of 0.02, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Securitized Credit Fund | 0.02 | 0.01 | 0.06 | 99 | Nontraditional Bonds | PGOAX vs SCFZX | |
| PGIM California Muni Income Fund | 0.09 | 0.12 | 0.09 | 69 | Municipal Bonds | PGOAX vs PBCAX | |
| PGIM National Muni Fund | 0.10 | 0.11 | 0.09 | 74 | Municipal Bonds | PGOAX vs PRNMX | |
| PGIM Muni High Income Fund | 0.18 | 0.14 | 0.10 | 71 | High Yield Muni | PGOAX vs PRHAX | |
| PGIM Absolute Return Bond Fund | 0.18 | 0.16 | 0.07 | 96 | Nontraditional Bonds | PGOAX vs PADZX |
See all 67 diversifiers for PGOAX
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