Looking to diversify beyond PDCZX? The mutual funds below have the lowest correlation with PDCZX — 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 PDCZX.
Best Diversifiers for PDCZX
2 mutual funds have low correlation with PDCZX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of 0.00, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.00 | 0.19 | 0.31 | 73 | Diversified Portfolio | PDCZX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.17 | 0.48 | 64 | Diversified Portfolio | PDCZX vs MHELX | |
| PGIM Floating Rate Income Fund | 0.30 | 0.31 | 0.34 | 94 | Bank Loan | PDCZX vs FRFZX | |
| PGIM Short Duration Multi-Sector Bond Fund | 0.41 | 0.37 | 0.35 | 64 | Short-Term Bond | PDCZX vs SDMZX | |
| PGIM Short-Term Corporate Bond Fund | 0.47 | 0.43 | 0.38 | 55 | Short-Term Bond | PDCZX vs PBSMX |
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