Looking to diversify beyond PBHAX? The mutual funds below have the lowest correlation with PBHAX — 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 PBHAX.
Best Diversifiers for PBHAX
8 mutual funds have low correlation with PBHAX (below 0.3), 3 of which are negatively correlated. The least correlated is PGIM Quant Solutions Commodity Strategies Fund (PQCMX) (Commodities) with a 1Y correlation of -0.18, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Quant Solutions Commodity Strategies Fund | -0.18 | -0.03 | 0.11 | 62 | Commodities | PBHAX vs PQCMX | |
| PGIM Jennison MLP Fund | -0.03 | 0.17 | 0.27 | 78 | Energy Equities | PBHAX vs PRPZX | |
| Fairholme Focused Income Fund | -0.01 | 0.16 | 0.29 | 57 | High Yield Bonds | PBHAX vs FOCIX | |
| Cliffwater Corporate Lending Fund | 0.07 | 0.07 | 0.09 | 100 | High Yield Bonds | PBHAX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.13 | 0.11 | 0.06 | 100 | High Yield Bonds | PBHAX vs XILSX |
See all 94 diversifiers for PBHAX
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