PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

PGIM Balanced Fund (PABFX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

The fund invests in a portfolio of equity, fixed-income and money market securities that is actively managed to capitalize on opportunities created by perceived misvaluation. It will invest 45% to 70% of its total assets in equity and equity-related securities. Under normal circumstances, 30% to 55% of the fund's total assets are invested in fixed income securities. It may invest up to 15% of its total assets in equity-related securities of small companies.

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

Best Diversifiers for PABFX

1 mutual funds have low correlation with PABFX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.07, down from 0.49 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MHELX
MH Elite Small Cap Fund of Funds Fund0.070.170.49
70
Diversified PortfolioPABFX vs MHELX
FRFZX
PGIM Floating Rate Income Fund0.340.340.33
96
Bank LoanPABFX vs FRFZX
FSIRX
Fidelity Advisor Strategic Real Return Fund Class ...0.340.540.61
86
Diversified PortfolioPABFX vs FSIRX
FCSRX
Fidelity Advisor Strategic Real Return Fund Class ...0.350.540.61
82
Diversified PortfolioPABFX vs FCSRX
FIQDX
Fidelity Advisor Strategic Real Return Fund Class ...0.350.530.61
88
Diversified PortfolioPABFX vs FIQDX
See all 34 diversifiers for PABFX

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements PABFX

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

Analyze a portfolio with PABFX