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
5 mutual funds have low correlation with PBHAX (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of 0.05, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.05 | 0.07 | 0.09 | 100 | High Yield Bonds | PBHAX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.12 | 0.10 | 0.06 | 100 | High Yield Bonds | PBHAX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.22 | 0.15 | 0.22 | 100 | High Yield Bonds | PBHAX vs RPHIX | |
| PGIM Securitized Credit Fund | 0.26 | 0.11 | 0.21 | 99 | Nontraditional Bonds | PBHAX vs SCFZX | |
| PGIM Real Assets Fund | 0.30 | 0.42 | 0.46 | 76 | Diversified Portfolio | PBHAX vs PUDZX |
See all 88 diversifiers for PBHAX
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