Looking to diversify beyond PGSGX? The mutual funds below have the lowest correlation with PGSGX — 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 PGSGX.
Best Diversifiers for PGSGX
1 mutual funds have low correlation with PGSGX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Income Fund (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.21, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund | 0.21 | 0.22 | 0.30 | 80 | Multisector Bonds | PGSGX vs JMSIX | |
| JPMorgan Equity Income Fund R6 | 0.68 | 0.70 | 0.70 | 60 | Large Cap Value Equities, Dividend | PGSGX vs OIEJX | |
| Schwab S&P 500 Index Fund | 0.80 | 0.80 | 0.82 | 74 | Large Cap Blend Equities, S&P 500 | PGSGX vs SWPPX | |
| Oberweis Micro Cap Fund | 0.83 | 0.89 | 0.89 | 88 | Small Cap Growth Equities | PGSGX vs OBMCX | |
| Needham Small Cap Growth Fund | 0.85 | 0.86 | 0.87 | 94 | Small Cap Growth Equities | PGSGX vs NESGX |
See all 14 diversifiers for PGSGX
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