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), 1 of which are negatively correlated. The least correlated is PIMCO Commodity Real Return Strategy Fund (PCRIX) (Commodities) with a 1Y correlation of -0.03, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | -0.03 | 0.07 | 0.09 | 75 | Commodities | PGP vs PCRIX | |
| Allspring Absolute Return Fund | 0.05 | 0.20 | 0.24 | 94 | Global Allocation | PGP vs WARAX | |
| LoCorr Macro Strategies Fund Class I | 0.06 | -0.08 | -0.12 | 88 | Global Allocation | PGP vs LFMIX | |
| Wilmington Real Asset Fund | 0.09 | 0.21 | 0.26 | 84 | Global Allocation | PGP vs WMRIX | |
| Lazard Real Assets Portfolio | 0.14 | 0.25 | 0.29 | 76 | Global Allocation | PGP vs RALIX |
See all 14 diversifiers for PGP
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Diversification Analysis
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