Looking to diversify beyond PGVAX? The mutual funds below have the lowest correlation with PGVAX — 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 PGVAX.
Best Diversifiers for PGVAX
3 mutual funds have low correlation with PGVAX (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 0.14, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Floating Rate Income Fund | 0.14 | 0.08 | 0.07 | 94 | Bank Loan | PGVAX vs FRFZX | |
| DFA Short-Term Government Portfolio | 0.24 | 0.10 | 0.38 | 62 | Government Bonds | PGVAX vs DFFGX | |
| GMO U.S. Treasury Fund | 0.28 | 0.12 | 0.09 | 99 | Government Bonds | PGVAX vs GUSTX | |
| Federated Hermes Adjustable Rate Fund | 0.32 | 0.53 | 0.50 | 99 | Government Bonds | PGVAX vs FEUGX | |
| Davis Government Bond Fund | 0.52 | 0.56 | 0.61 | 69 | Government Bonds | PGVAX vs RFBAX |
See all 14 diversifiers for PGVAX
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