Looking to diversify beyond PDEJX? The mutual funds below have the lowest correlation with PDEJX — 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 PDEJX.
Best Diversifiers for PDEJX
0 mutual funds have low correlation with PDEJX (below 0.3), 0 of which are negatively correlated. The least correlated is PGIM Floating Rate Income Fund (FRFZX) (Bank Loan) with a 1Y correlation of 0.32, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Floating Rate Income Fund | 0.32 | 0.31 | 0.32 | 96 | Bank Loan | PDEJX vs FRFZX | |
| PGIM Short Duration Multi-Sector Bond Fund | 0.51 | 0.42 | 0.39 | 53 | Short-Term Bond | PDEJX vs SDMZX | |
| PGIM Short-Term Corporate Bond Fund | 0.56 | 0.47 | 0.43 | 57 | Short-Term Bond | PDEJX vs PBSMX | |
| PGIM High Yield Fund Class R6 | 0.61 | 0.61 | 0.62 | 72 | High Yield Bonds | PDEJX vs PHYQX | |
| PGIM High Yield Fund | 0.63 | 0.60 | 0.62 | 65 | High Yield Bonds | PDEJX vs PBHAX |
See all 326 diversifiers for PDEJX
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