Looking to diversify beyond PHEZX? The mutual funds below have historically moved differently from PHEZX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PHEZX
1 mutual funds have low correlation with PHEZX (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 0.26, roughly unchanged from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Floating Rate Income Fund | 0.26 | 0.21 | 0.24 | 97 | Bank Loan | PHEZX vs FRFZX | |
| DFA Two Year Global Fixed Income Portfolio | 0.30 | 0.05 | 0.30 | 100 | Global Bonds | PHEZX vs DFGFX | |
| PGIM Jennison Small Company Fund | 0.35 | 0.27 | 0.25 | 67 | Small Cap Growth Equities | PHEZX vs PGOAX | |
| Eaton Vance Global Bond Fund | 0.40 | 0.62 | 0.55 | 97 | Global Bonds | PHEZX vs EAIIX | |
| PGIM 60/40 Allocation Fund | 0.41 | 0.40 | 0.40 | 76 | Diversified Portfolio | PHEZX vs PALDX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PHEZX
Add PHEZX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PHEZX