Looking to diversify beyond PRGTX? The mutual funds below have the lowest correlation with PRGTX — 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 PRGTX.
Best Diversifiers for PRGTX
3 mutual funds have low correlation with PRGTX (below 0.3), 2 of which are negatively correlated. The least correlated is BlackRock Energy Opportunities Fund (BACAX) (Energy Equities) with a 1Y correlation of -0.10, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Energy Opportunities Fund | -0.10 | 0.09 | 0.17 | 70 | Energy Equities | PRGTX vs BACAX | |
| Vanguard Energy Fund Investor Shares | -0.07 | 0.09 | 0.19 | 84 | Energy Equities | PRGTX vs VGENX | |
| T. Rowe Price New Era Fund | 0.29 | 0.35 | 0.40 | 89 | Energy Equities | PRGTX vs PRNEX | |
| T. Rowe Price Equity Income Fund | 0.38 | 0.42 | 0.47 | 61 | Large Cap Value Equities | PRGTX vs PRFDX | |
| ARK Venture Fund | 0.44 | 0.55 | — | 98 | Technology Equities | PRGTX vs ARKVX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PRGTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRGTX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.76, roughly unchanged from 0.79 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.76 | 0.80 | 0.79 | 82 | Technology |
Build a portfolio that complements PRGTX
Add PRGTX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PRGTX