PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

PIA MBS Bond Fund (PMTGX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The investment seeks to provide a total rate of return that exceeds the Bloomberg Barclays U.S. MBS Fixed Rate Index. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in mortgage-backed securities, including commercial mortgage-backed securities. It may invest up to 20% of its net assets in futures, options and other derivatives. The fund may also invest up to 20% of its net assets in asset-backed securities.

Looking to diversify beyond PMTGX? The mutual funds below have the lowest correlation with PMTGX — 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 PMTGX.

Best Diversifiers for PMTGX

3 mutual funds have low correlation with PMTGX (below 0.3), 0 of which are negatively correlated. The least correlated is GMO U.S. Treasury Fund (GUSTX) (Government Bonds) with a 1Y correlation of 0.13, roughly unchanged from 0.07 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
GUSTX
GMO U.S. Treasury Fund0.130.060.07
99
Government BondsPMTGX vs GUSTX
DFFGX
DFA Short-Term Government Portfolio0.250.110.32
59
Government BondsPMTGX vs DFFGX
FEUGX
Federated Hermes Adjustable Rate Fund0.260.450.46
99
Government BondsPMTGX vs FEUGX
RFBAX
Davis Government Bond Fund0.420.470.57
76
Government BondsPMTGX vs RFBAX
PIASX
PIA Short Term Securities Fund0.550.640.62
97
Ultrashort BondPMTGX vs PIASX
See all 10 diversifiers for PMTGX

To view more results, upgrade your current subscription plan.

Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from PMTGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PMTGX and solid risk/return profiles. The least correlated is Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) (Financial Services) with a 1Y correlation of 0.25, up from 0.13 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
ETV
Eaton Vance Tax-Managed Buy-Write Opportunities Fu...0.250.180.13
81
Financial Services

Rows per page

1–1 of 1

Diversification Analysis

Build a portfolio that complements PMTGX

Add PMTGX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with PMTGX