Looking to diversify beyond PGUAX? The mutual funds below have historically moved differently from PGUAX, 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 PGUAX
12 mutual funds have low correlation with PGUAX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Seix Floating Rate High Income Fund (SAMBX) (Bank Loan) with a 1Y correlation of 0.02, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Seix Floating Rate High Income Fund | 0.02 | 0.15 | 0.22 | 98 | Bank Loan | PGUAX vs SAMBX | |
| NXG Cushing® Midstream Energy Fund | 0.17 | 0.23 | 0.34 | 58 | Energy Equities | PGUAX vs SRV | |
| The Merger Fund | 0.20 | 0.21 | 0.28 | 96 | Event Driven | PGUAX vs MERFX | |
| Fidelity Select Energy Portfolio | 0.21 | 0.28 | 0.37 | 87 | Energy Equities | PGUAX vs FSENX | |
| Vanguard Energy Index Fund Admiral Shares | 0.21 | 0.29 | 0.37 | 72 | Energy Equities | PGUAX vs VENAX |
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