Looking to diversify beyond PDBZX? The mutual funds below have the lowest correlation with PDBZX — 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 PDBZX.
Best Diversifiers for PDBZX
15 mutual funds have low correlation with PDBZX (below 0.3), 2 of which are negatively correlated. The least correlated is PGIM Quant Solutions Commodity Strategies Fund (PQCMX) (Commodities) with a 1Y correlation of -0.25, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Quant Solutions Commodity Strategies Fund | -0.25 | -0.12 | -0.07 | 57 | Commodities | PDBZX vs PQCMX | |
| PGIM Jennison MLP Fund | -0.15 | 0.03 | 0.01 | 74 | Energy Equities | PDBZX vs PRPZX | |
| PGIM Jennison Natural Resources R6 | 0.10 | 0.11 | 0.03 | 66 | Natural Resources | PDBZX vs PJNQX | |
| PGIM Jennison Natural Resources Fund | 0.10 | 0.11 | 0.03 | 64 | Energy Equities | PDBZX vs PGNAX | |
| PGIM Quant Solutions Emerging Markets Equity Fund | 0.19 | 0.13 | 0.09 | 81 | Emerging Markets Diversified | PDBZX vs PQEMX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PDBZX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PDBZX and solid risk/return profiles. The least correlated is Meta Financial Group, Inc. (CASH) (Financial Services) with a 1Y correlation of 0.13, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Meta Financial Group, Inc. | 0.13 | 0.09 | 0.04 | 55 | Financial Services |
Build a portfolio that complements PDBZX
Add PDBZX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PDBZX