Looking to diversify beyond PGUAX? The mutual funds below have the lowest correlation with PGUAX — 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 PGUAX.
Best Diversifiers for PGUAX
10 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 0.04, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Seix Floating Rate High Income Fund | 0.04 | 0.17 | 0.22 | 97 | Bank Loan | PGUAX vs SAMBX | |
| Virtus Artificial Intelligence & Technology Opport... | 0.15 | 0.25 | 0.39 | 56 | Technology Equities | PGUAX vs AIO | |
| Oil Equipment & Services UltraSector ProFund | 0.21 | 0.29 | 0.36 | 70 | Energy Equities | PGUAX vs OEPIX | |
| The Merger Fund | 0.22 | 0.21 | 0.28 | 97 | Event Driven | PGUAX vs MERFX | |
| Rydex Energy Services Fund | 0.22 | 0.29 | 0.38 | 63 | Energy Equities | PGUAX vs RYVIX |
See all 18 diversifiers for PGUAX
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