Looking to diversify beyond PBEAX? The mutual funds below have the lowest correlation with PBEAX — 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 PBEAX.
Best Diversifiers for PBEAX
2 mutual funds have low correlation with PBEAX (below 0.3), 0 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of 0.25, down from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.25 | 0.54 | 0.68 | 70 | Large Cap Value Equities | PBEAX vs LEXCX | |
| PGIM Floating Rate Income Fund | 0.27 | 0.32 | 0.31 | 96 | Bank Loan | PBEAX vs FRFZX | |
| PGIM Short-Term Corporate Bond Fund | 0.33 | 0.20 | 0.15 | 60 | Short-Term Bond | PBEAX vs PBSMX | |
| PGIM Short Duration Multi-Sector Bond Fund | 0.35 | 0.20 | 0.16 | 58 | Short-Term Bond | PBEAX vs SDMZX | |
| Federated Hermes Strategic Value Dividend Fund | 0.40 | 0.55 | 0.68 | 84 | Large Cap Value Equities | PBEAX vs SVAIX |
See all 43 diversifiers for PBEAX
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