Looking to diversify beyond PDHJX? The mutual funds below have the lowest correlation with PDHJX — 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 PDHJX.
Best Diversifiers for PDHJX
0 mutual funds have low correlation with PDHJX (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 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Floating Rate Income Fund | 0.33 | 0.35 | 0.34 | 96 | Bank Loan | PDHJX vs FRFZX | |
| PGIM Short Duration Multi-Sector Bond Fund | 0.42 | 0.30 | 0.26 | 53 | Short-Term Bond | PDHJX vs SDMZX | |
| PGIM High Yield Fund Class R6 | 0.60 | 0.55 | 0.56 | 72 | High Yield Bonds | PDHJX vs PHYQX | |
| PGIM High Yield Fund | 0.61 | 0.54 | 0.55 | 65 | High Yield Bonds | PDHJX vs PBHAX | |
| PGIM Short Duration High Yield Income Fund | 0.62 | 0.61 | 0.58 | 68 | High Yield Bonds | PDHJX vs HYSZX |
See all 44 diversifiers for PDHJX
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