Looking to diversify beyond POGAX? The mutual funds below have the lowest correlation with POGAX — 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 POGAX.
Best Diversifiers for POGAX
4 mutual funds have low correlation with POGAX (below 0.3), 1 of which are negatively correlated. The least correlated is Putnam Mortgage Opportunities Fund (PMOTX) (Nontraditional Bonds) with a 1Y correlation of -0.10, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Putnam Mortgage Opportunities Fund | -0.10 | 0.06 | 0.15 | 74 | Nontraditional Bonds | POGAX vs PMOTX | |
| Putnam Ultra Short Duration Income Fund | 0.06 | 0.04 | 0.03 | 98 | Ultrashort Bond | POGAX vs PSDYX | |
| Putnam Mortgage Securities Fund | 0.19 | 0.17 | 0.21 | 51 | Intermediate Core-Plus Bond | POGAX vs PGSIX | |
| Putnam Short Duration Bond Fund | 0.21 | 0.11 | 0.14 | 82 | Short-Term Bond | POGAX vs PARYX | |
| Principal Equity Income Fund | 0.48 | 0.52 | 0.65 | 71 | Large Cap Value Equities | POGAX vs PQIAX |
See all 65 diversifiers for POGAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements POGAX
Add POGAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with POGAX