Looking to diversify beyond PGTQX? The mutual funds below have historically moved differently from PGTQX, 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 PGTQX
2 mutual funds have low correlation with PGTQX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two Year Global Fixed Income Portfolio (DFGFX) (Global Bonds) with a 1Y correlation of 0.23, roughly unchanged from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two Year Global Fixed Income Portfolio | 0.23 | 0.07 | 0.30 | 100 | Global Bonds | PGTQX vs DFGFX | |
| PGIM Floating Rate Income Fund | 0.26 | 0.15 | 0.22 | 97 | Bank Loan | PGTQX vs FRFZX | |
| Vanguard 500 Index Fund Institutional Select Share... | 0.43 | 0.28 | 0.30 | 63 | Large Cap Blend Equities | PGTQX vs VFFSX | |
| Vanguard 500 Index Fund Admiral Shares | 0.43 | 0.28 | 0.30 | 63 | S&P 500, Large Cap Blend Equities | PGTQX vs VFIAX | |
| PGIM Jennison Small Company Fund | 0.44 | 0.32 | 0.31 | 67 | Small Cap Growth Equities | PGTQX vs PGOAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PGTQX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of 0.02, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | 0.02 | 0.15 | 0.19 | 90 | Consumer Defensive |
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