Looking to diversify beyond PGP? The mutual funds below have the lowest correlation with PGP — 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 PGP.
Best Diversifiers for PGP
13 mutual funds have low correlation with PGP (below 0.3), 0 of which are negatively correlated. The least correlated is Allspring Absolute Return Fund (WARAX) (Global Allocation) with a 1Y correlation of 0.05, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Absolute Return Fund | 0.05 | 0.20 | 0.25 | 92 | Global Allocation | PGP vs WARAX | |
| LoCorr Macro Strategies Fund Class I | 0.07 | -0.07 | -0.11 | 86 | Global Allocation | PGP vs LFMIX | |
| Hartford Real Asset Fund | 0.14 | 0.23 | 0.28 | 88 | Global Allocation | PGP vs HRLYX | |
| Lazard Real Assets Portfolio | 0.15 | 0.26 | 0.30 | 63 | Global Allocation | PGP vs RALIX | |
| PIMCO RAE US Small Fund | 0.20 | 0.26 | 0.31 | 72 | Small Cap Value Equities | PGP vs PMJIX |
See all 16 diversifiers for PGP
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Diversification Analysis
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