Looking to diversify beyond PDFEX? The mutual funds below have the lowest correlation with PDFEX — 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 PDFEX.
Best Diversifiers for PDFEX
0 mutual funds have low correlation with PDFEX (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 0.33, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Floating Rate Income Fund | 0.33 | 0.32 | 0.33 | 94 | Bank Loan | PDFEX vs FRFZX | |
| PGIM Short Duration Multi-Sector Bond Fund | 0.46 | 0.37 | 0.34 | 64 | Short-Term Bond | PDFEX vs SDMZX | |
| PGIM High Yield Fund Class R6 | 0.59 | 0.60 | 0.60 | 75 | High Yield Bonds | PDFEX vs PHYQX | |
| PGIM High Yield Fund | 0.59 | 0.58 | 0.59 | 72 | High Yield Bonds | PDFEX vs PBHAX | |
| PGIM Short Duration High Yield Income Fund | 0.64 | 0.66 | 0.63 | 70 | High Yield Bonds | PDFEX vs HYSZX |
See all 45 diversifiers for PDFEX
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