Looking to diversify beyond PIGDX? The mutual funds below have the lowest correlation with PIGDX — 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 PIGDX.
Best Diversifiers for PIGDX
2 mutual funds have low correlation with PIGDX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund (SVAIX) (Large Cap Value Equities) with a 1Y correlation of 0.19, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.19 | 0.35 | 0.45 | 70 | Large Cap Value Equities | PIGDX vs SVAIX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.22 | 0.37 | 0.46 | 71 | High Yield Bonds | PIGDX vs FHYSX | |
| Federated Hermes Institutional High Yield Bond Fun... | 0.31 | 0.40 | 0.49 | 64 | High Yield Bonds | PIGDX vs FIHBX | |
| Federated Hermes Opportunistic High Yield Bond Fun... | 0.33 | 0.44 | 0.55 | 59 | High Yield Bonds | PIGDX vs FHYTX | |
| Federated Hermes MDT All Cap Core Fund | 0.34 | 0.57 | 0.70 | 56 | Large Cap Blend Equities | PIGDX vs QIACX |
See all 23 diversifiers for PIGDX
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