Looking to diversify beyond PBSMX? The mutual funds below have historically moved differently from PBSMX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PBSMX
11 mutual funds have low correlation with PBSMX (below 0.3), 1 of which are negatively correlated. The least correlated is PGIM Quant Solutions Commodity Strategies Fund (PQCMX) (Commodities) with a 1Y correlation of -0.26, down from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Quant Solutions Commodity Strategies Fund | -0.26 | -0.11 | -0.03 | 78 | Commodities | PBSMX vs PQCMX | |
| PGIM Jennison Natural Resources Fund | 0.09 | 0.10 | 0.07 | 79 | Energy Equities | PBSMX vs PGNAX | |
| Leader Short Term High Yield Bond Fund | 0.16 | 0.15 | 0.23 | 84 | Short-Term Bond | PBSMX vs LCCMX | |
| PGIM Real Assets Fund | 0.17 | 0.31 | 0.28 | 93 | Diversified Portfolio | PBSMX vs PUDZX | |
| GuidePath Absolute Return Allocation Fund | 0.17 | 0.57 | 0.65 | 69 | Short-Term Bond | PBSMX vs GPARX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PBSMX
Add PBSMX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PBSMX