Looking to diversify beyond PDLFX? The mutual funds below have the lowest correlation with PDLFX — 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 PDLFX.
Best Diversifiers for PDLFX
0 mutual funds have low correlation with PDLFX (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 0.32, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Short Duration Multi-Sector Bond Fund | 0.32 | 0.23 | 0.22 | 64 | Short-Term Bond | PDLFX vs SDMZX | |
| PGIM Floating Rate Income Fund | 0.34 | 0.35 | 0.35 | 94 | Bank Loan | PDLFX vs FRFZX | |
| PGIM High Yield Fund Class R6 | 0.51 | 0.51 | 0.53 | 75 | High Yield Bonds | PDLFX vs PHYQX | |
| PGIM High Yield Fund | 0.52 | 0.50 | 0.52 | 72 | High Yield Bonds | PDLFX vs PBHAX | |
| PGIM Short Duration High Yield Income Fund | 0.57 | 0.57 | 0.55 | 70 | High Yield Bonds | PDLFX vs HYSZX |
See all 46 diversifiers for PDLFX
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