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
24 mutual funds have low correlation with PDBZX (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 -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Quant Solutions Commodity Strategies Fund | -0.26 | -0.11 | -0.06 | 77 | Commodities | PDBZX vs PQCMX | |
| PGIM Jennison Natural Resources Fund | 0.08 | 0.10 | 0.02 | 87 | Energy Equities | PDBZX vs PGNAX | |
| PGIM Jennison Natural Resources R6 | 0.08 | 0.10 | 0.02 | 87 | Commodity Producers Equities | PDBZX vs PJNQX | |
| PGIM Quant Solutions Emerging Markets Equity Fund | 0.15 | 0.13 | 0.08 | 92 | Emerging Markets Diversified | PDBZX vs PQEMX | |
| PGIM Jennison Emerging Markets Equity Opportunitie... | 0.17 | 0.12 | 0.09 | 58 | Emerging Markets Diversified | PDBZX vs PDEZX |
See all 70 diversifiers for PDBZX
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