Looking to diversify beyond PGJZX? The mutual funds below have the lowest correlation with PGJZX — 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 PGJZX.
Best Diversifiers for PGJZX
13 mutual funds have low correlation with PGJZX (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 0.08, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Floating Rate Income Fund | 0.08 | 0.17 | 0.22 | 96 | Bank Loan | PGJZX vs FRFZX | |
| Fidelity Select Energy Portfolio | 0.13 | 0.28 | 0.40 | 63 | Energy Equities | PGJZX vs FSENX | |
| NXG Cushing® Midstream Energy Fund | 0.14 | 0.25 | 0.38 | 75 | Energy Equities | PGJZX vs SRV | |
| Guinness Atkinson Global Energy Fund | 0.15 | 0.29 | 0.40 | 57 | Energy Equities | PGJZX vs GAGEX | |
| Rydex Energy Fund | 0.19 | 0.35 | 0.46 | 53 | Energy Equities | PGJZX vs RYEIX |
See all 53 diversifiers for PGJZX
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