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
5 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 0.12, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Floating Rate Income Fund | 0.12 | 0.19 | 0.23 | 96 | Bank Loan | PGJZX vs FRFZX | |
| Recurrent MLP & Infrastructure Fund | 0.21 | 0.44 | 0.53 | 57 | Energy Equities | PGJZX vs RMLPX | |
| Oil Equipment & Services UltraSector ProFund | 0.22 | 0.32 | 0.41 | 70 | Energy Equities | PGJZX vs OEPIX | |
| Rydex Energy Services Fund | 0.22 | 0.33 | 0.43 | 63 | Energy Equities | PGJZX vs RYVIX | |
| Cavanal Hill World Energy Fund | 0.28 | 0.42 | 0.49 | 52 | Energy Equities | PGJZX vs APWEX |
See all 36 diversifiers for PGJZX
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