Looking to diversify beyond PGVAX? The mutual funds below have historically moved differently from PGVAX, 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 PGVAX
2 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 0.17, roughly unchanged from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Floating Rate Income Fund | 0.17 | 0.08 | 0.07 | 97 | Bank Loan | PGVAX vs FRFZX | |
| GMO U.S. Treasury Fund | 0.24 | 0.14 | 0.10 | 99 | Government Bonds | PGVAX vs GUSTX | |
| Federated Hermes Adjustable Rate Fund | 0.31 | 0.52 | 0.51 | 99 | Government Bonds | PGVAX vs FEUGX | |
| PGIM Jennison Small Company Fund | 0.32 | 0.21 | 0.15 | 67 | Small Cap Growth Equities | PGVAX vs PGOAX | |
| DFA Short-Term Government Portfolio | 0.36 | 0.13 | 0.38 | 99 | Government Bonds | PGVAX vs DFFGX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PGVAX
Add PGVAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PGVAX