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
9 mutual funds have low correlation with PDBZX (below 0.3), 0 of which are negatively correlated. The least correlated is PGIM Jennison Natural Resources R6 (PJNQX) (Natural Resources) with a 1Y correlation of 0.12, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Jennison Natural Resources R6 | 0.12 | 0.11 | 0.03 | 70 | Natural Resources | PDBZX vs PJNQX | |
| PGIM Jennison Natural Resources Fund | 0.12 | 0.11 | 0.02 | 69 | Energy Equities | PDBZX vs PGNAX | |
| PGIM Quant Solutions Emerging Markets Equity Fund | 0.19 | 0.13 | 0.09 | 90 | Emerging Markets Diversified | PDBZX vs PQEMX | |
| PGIM Jennison Emerging Markets Equity Opportunitie... | 0.19 | 0.13 | 0.09 | 60 | Emerging Markets Diversified | PDBZX vs PDEZX | |
| PGIM Securitized Credit Fund | 0.23 | 0.07 | 0.08 | 99 | Nontraditional Bonds | PDBZX vs SCFZX |
See all 69 diversifiers for PDBZX
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