Looking to diversify beyond PDHVX? The mutual funds below have the lowest correlation with PDHVX — 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 PDHVX.
Best Diversifiers for PDHVX
1 mutual funds have low correlation with PDHVX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Stone Harbor Emerging Markets Income Fund (EDF) (Emerging Markets Bonds) with a 1Y correlation of 0.25, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 0.25 | 0.26 | 0.30 | 63 | Emerging Markets Bonds | PDHVX vs EDF | |
| PGIM Jennison Small Company Fund | 0.38 | 0.33 | 0.29 | 58 | Small Cap Growth Equities | PDHVX vs PGOAX | |
| PGIM Floating Rate Income Fund | 0.46 | 0.38 | 0.41 | 96 | Bank Loan | PDHVX vs FRFZX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.48 | 0.53 | 0.60 | 98 | Emerging Markets Bonds | PDHVX vs DBLLX | |
| PGIM Short Duration Multi-Sector Bond Fund | 0.57 | 0.59 | 0.62 | 53 | Short-Term Bond | PDHVX vs SDMZX |
See all 21 diversifiers for PDHVX
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