Looking to diversify beyond PGOVX? The mutual funds below have the lowest correlation with PGOVX — 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 PGOVX.
Best Diversifiers for PGOVX
6 mutual funds have low correlation with PGOVX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity Floating Rate High Income Fund (FFRHX) (Bank Loan) with a 1Y correlation of -0.06, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Floating Rate High Income Fund | -0.06 | 0.03 | 0.04 | 92 | Bank Loan | PGOVX vs FFRHX | |
| GMO U.S. Treasury Fund | 0.08 | 0.03 | 0.03 | 99 | Government Bonds | PGOVX vs GUSTX | |
| Federated Hermes Adjustable Rate Fund | 0.21 | 0.45 | 0.43 | 99 | Government Bonds | PGOVX vs FEUGX | |
| DFA Short-Term Government Portfolio | 0.28 | 0.10 | 0.32 | 99 | Government Bonds | PGOVX vs DFFGX | |
| Vanguard Explorer Fund Admiral Shares | 0.28 | 0.23 | 0.12 | 52 | Small Cap Growth Equities | PGOVX vs VEXRX |
See all 14 diversifiers for PGOVX
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