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), 0 of which are negatively correlated. The least correlated is Fidelity Floating Rate High Income Fund (FFRHX) (Bank Loan) with a 1Y correlation of 0.01, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Floating Rate High Income Fund | 0.01 | 0.04 | 0.05 | 92 | Bank Loan | PGOVX vs FFRHX | |
| GMO U.S. Treasury Fund | 0.13 | 0.03 | 0.03 | 99 | Government Bonds | PGOVX vs GUSTX | |
| DFA Short-Term Government Portfolio | 0.22 | 0.09 | 0.32 | 59 | Government Bonds | PGOVX vs DFFGX | |
| Federated Hermes Adjustable Rate Fund | 0.23 | 0.46 | 0.43 | 99 | Government Bonds | PGOVX vs FEUGX | |
| PIMCO RAE US Small Fund | 0.28 | 0.21 | 0.04 | 72 | Small Cap Value Equities | PGOVX vs PMJIX |
See all 14 diversifiers for PGOVX
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