Looking to diversify beyond PJDZX? The mutual funds below have the lowest correlation with PJDZX — 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 PJDZX.
Best Diversifiers for PJDZX
2 mutual funds have low correlation with PJDZX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.28, up from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.28 | 0.12 | 0.10 | 70 | Large Cap Blend Equities | PJDZX vs SVPFX | |
| PGIM Floating Rate Income Fund | 0.30 | 0.32 | 0.28 | 96 | Bank Loan | PJDZX vs FRFZX | |
| PGIM Short Duration Multi-Sector Bond Fund | 0.31 | 0.18 | 0.15 | 50 | Short-Term Bond | PJDZX vs SDMZX | |
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.44 | 0.50 | 0.64 | 77 | Dividend | PJDZX vs SVAAX | |
| North Square Preferred and Income Securities Fund | 0.45 | 0.33 | 0.39 | 68 | Large Cap Blend Equities | PJDZX vs ORDNX |
See all 53 diversifiers for PJDZX
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