Looking to diversify beyond PGROX? The mutual funds below have the lowest correlation with PGROX — 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 PGROX.
Best Diversifiers for PGROX
2 mutual funds have low correlation with PGROX (below 0.3), 0 of which are negatively correlated. The least correlated is BNY Mellon AMT-Free Municipal Bond Fund (DRMBX) (Municipal Bonds) with a 1Y correlation of 0.25, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon AMT-Free Municipal Bond Fund | 0.25 | 0.16 | 0.13 | 77 | Municipal Bonds | PGROX vs DRMBX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.27 | 0.37 | 0.54 | 51 | Global Equities | PGROX vs CSUAX | |
| BNY Mellon Natural Resources Fund Class A | 0.36 | 0.47 | 0.50 | 59 | Energy Equities | PGROX vs DNLAX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.46 | 0.57 | 0.67 | 76 | Global Equities | PGROX vs RTXAX | |
| Polaris Global Value Fund | 0.49 | 0.60 | 0.68 | 92 | Global Equities | PGROX vs PGVFX |
See all 37 diversifiers for PGROX
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