Looking to diversify beyond PHEZX? The mutual funds below have the lowest correlation with PHEZX — 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 PHEZX.
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 0.29, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Floating Rate Income Fund | 0.29 | 0.23 | 0.24 | 96 | Bank Loan | PHEZX vs FRFZX | |
| PGIM Jennison Small Company Fund | 0.35 | 0.27 | 0.22 | 58 | Small Cap Growth Equities | PHEZX vs PGOAX | |
| Destinations Global Fixed Income Opportunities Fun... | 0.40 | 0.46 | 0.46 | 98 | Global Bonds | PHEZX vs DGFFX | |
| Eaton Vance Global Bond Fund | 0.44 | 0.64 | 0.55 | 90 | Global Bonds | PHEZX vs EAIIX | |
| Dunham International Opportunity Bond Fund | 0.56 | 0.67 | 0.64 | 56 | Global Bonds | PHEZX vs DAIOX |
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