Looking to diversify beyond PGP? The mutual funds below have historically moved differently from PGP, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PGP
11 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 -0.04, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | -0.04 | 0.05 | 0.08 | 69 | Commodities | PGP vs PCRIX | |
| LoCorr Macro Strategies Fund Class I | 0.05 | -0.06 | -0.12 | 79 | Global Allocation | PGP vs LFMIX | |
| Wilmington Real Asset Fund | 0.08 | 0.20 | 0.25 | 90 | Global Allocation | PGP vs WMRIX | |
| Hartford Real Asset Fund | 0.12 | 0.22 | 0.28 | 97 | Global Allocation | PGP vs HRLYX | |
| Lazard Real Assets Portfolio | 0.14 | 0.25 | 0.29 | 90 | Global Allocation | PGP vs RALIX |
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