Looking to diversify beyond PDGJX? The mutual funds below have the lowest correlation with PDGJX — 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 PDGJX.
Best Diversifiers for PDGJX
0 mutual funds have low correlation with PDGJX (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 0.35, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Floating Rate Income Fund | 0.35 | 0.34 | 0.34 | 94 | Bank Loan | PDGJX vs FRFZX | |
| PGIM Short Duration Multi-Sector Bond Fund | 0.40 | 0.32 | 0.29 | 64 | Short-Term Bond | PDGJX vs SDMZX | |
| PGIM Short-Term Corporate Bond Fund | 0.43 | 0.37 | 0.32 | 55 | Short-Term Bond | PDGJX vs PBSMX | |
| PGIM High Yield Fund Class R6 | 0.56 | 0.57 | 0.58 | 75 | High Yield Bonds | PDGJX vs PHYQX | |
| PGIM High Yield Fund | 0.58 | 0.56 | 0.57 | 72 | High Yield Bonds | PDGJX vs PBHAX |
See all 61 diversifiers for PDGJX
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