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PGIM Jennison Natural Resources Fund (PGNAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The investment seeks long-term growth of capital. The fund normally invests at least 80% of investable assets in equity and equity-related securities of natural resource companies and in asset-based securities. Natural resource companies are U.S. and foreign (non-U.S. based) companies that own, explore, mine, process or otherwise develop, or provide goods and services with respect to, natural resources. Asset-based securities are securities, the values of which are related to the market value of a natural resource. The principal type of equity in which the fund invests is common stock. It is non-diversified.

Looking to diversify beyond PGNAX? The mutual funds below have the lowest correlation with PGNAX — 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 PGNAX.

Best Diversifiers for PGNAX

6 mutual funds have low correlation with PGNAX (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 0.09, roughly unchanged from 0.06 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SDMZX
PGIM Short Duration Multi-Sector Bond Fund0.090.080.06
64
Short-Term BondPGNAX vs SDMZX
PBSMX
PGIM Short-Term Corporate Bond Fund0.120.110.07
55
Short-Term BondPGNAX vs PBSMX
FRFZX
PGIM Floating Rate Income Fund0.160.170.22
94
Bank LoanPGNAX vs FRFZX
HYSZX
PGIM Short Duration High Yield Income Fund0.210.300.33
70
High Yield BondsPGNAX vs HYSZX
PHYQX
PGIM High Yield Fund Class R60.230.290.33
75
High Yield BondsPGNAX vs PHYQX
See all 29 diversifiers for PGNAX

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