Looking to diversify beyond PJEZX? The mutual funds below have historically moved differently from PJEZX, 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 PJEZX
4 mutual funds have low correlation with PJEZX (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.21 | — | — | 99 | REIT | PJEZX vs QREARX | |
| Redwood Real Estate Income Fund | 0.02 | — | — | 100 | REIT | PJEZX vs CREMX | |
| PGIM Floating Rate Income Fund | 0.08 | 0.20 | 0.23 | 95 | Bank Loan | PJEZX vs FRFZX | |
| PGIM 60/40 Allocation Fund | 0.25 | 0.47 | 0.58 | 73 | Diversified Portfolio | PJEZX vs PALDX | |
| Fidelity Series Real Estate Income Fund | 0.40 | 0.45 | 0.62 | 85 | REIT | PJEZX vs FSREX |
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