Looking to diversify beyond PGTIX? The mutual funds below have historically moved differently from PGTIX, 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 PGTIX
14 mutual funds have low correlation with PGTIX (below 0.3), 2 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of -0.15, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | -0.16 | 0.22 | 0.32 | 63 | Quality Factor, Global Equities | PGTIX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | -0.01 | 0.11 | 0.28 | 66 | Infrastructure Equities, Global Equities | PGTIX vs CSUAX | |
| Nuveen Global Infrastructure Fund Class A | 0.10 | 0.20 | 0.35 | 52 | Infrastructure Equities, Global Equities | PGTIX vs FGIAX | |
| Voya Global High Dividend Low Volatility Fund | 0.17 | 0.28 | 0.40 | 57 | Global Equities, Low Volatility | PGTIX vs NAWGX | |
| Voya Global High Dividend Low Volatility Portfolio | 0.17 | 0.26 | 0.39 | 85 | Global Equities, Low Volatility | PGTIX vs IGHAX |
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