Looking to diversify beyond PDJGX? The mutual funds below have the lowest correlation with PDJGX — 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 PDJGX.
Best Diversifiers for PDJGX
0 mutual funds have low correlation with PDJGX (below 0.3), 0 of which are negatively correlated. The least correlated is PGIM Short Duration Multi-Sector Bond Fund (SDMZX) (Short-Term Bond) with a 1Y correlation of 0.33, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Short Duration Multi-Sector Bond Fund | 0.33 | 0.25 | 0.23 | 64 | Short-Term Bond | PDJGX vs SDMZX | |
| PGIM Floating Rate Income Fund | 0.35 | 0.36 | 0.35 | 94 | Bank Loan | PDJGX vs FRFZX | |
| PGIM High Yield Fund Class R6 | 0.53 | 0.52 | 0.54 | 75 | High Yield Bonds | PDJGX vs PHYQX | |
| PGIM High Yield Fund | 0.54 | 0.51 | 0.53 | 72 | High Yield Bonds | PDJGX vs PBHAX | |
| PGIM Short Duration High Yield Income Fund | 0.58 | 0.59 | 0.56 | 70 | High Yield Bonds | PDJGX vs HYSZX |
See all 43 diversifiers for PDJGX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PDJGX
Add PDJGX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PDJGX