Looking to diversify beyond PGTQX? The mutual funds below have the lowest correlation with PGTQX — 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 PGTQX.
Best Diversifiers for PGTQX
0 mutual funds have low correlation with PGTQX (below 0.3), 0 of which are negatively correlated. The least correlated is PGIM Floating Rate Income Fund (FRFZX) (Bank Loan) with a 1Y correlation of 0.30, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Floating Rate Income Fund | 0.30 | 0.16 | 0.22 | 96 | Bank Loan | PGTQX vs FRFZX | |
| Vanguard 500 Index Fund Institutional Select Share... | 0.41 | 0.28 | 0.29 | 66 | Large Cap Blend Equities | PGTQX vs VFFSX | |
| Vanguard 500 Index Fund Admiral Shares | 0.42 | 0.28 | 0.29 | 66 | S&P 500, Large Cap Blend Equities | PGTQX vs VFIAX | |
| T. Rowe Price Global Multi-Sector Bond Fund | 0.43 | 0.66 | 0.67 | 91 | Global Bonds | PGTQX vs PRSNX | |
| PGIM Jennison Small Company Fund | 0.43 | 0.32 | 0.29 | 58 | Small Cap Growth Equities | PGTQX vs PGOAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PGTQX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PGTQX and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of 0.06, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | 0.06 | 0.17 | 0.19 | 74 | Consumer Defensive |
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