Looking to diversify beyond PJEZX? The mutual funds below have the lowest correlation with PJEZX — 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 PJEZX.
Best Diversifiers for PJEZX
3 mutual funds have low correlation with PJEZX (below 0.3), 2 of which are negatively correlated. The least correlated is TIAA Real Estate Account (QREARX) (REIT) with a 1Y correlation of -0.19, roughly unchanged from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.19 | -0.14 | -0.14 | 98 | REIT | PJEZX vs QREARX | |
| Redwood Real Estate Income Fund | -0.04 | -0.02 | -0.02 | 100 | REIT | PJEZX vs CREMX | |
| PGIM Floating Rate Income Fund | 0.15 | 0.23 | 0.24 | 94 | Bank Loan | PJEZX vs FRFZX | |
| PGIM Short-Term Corporate Bond Fund | 0.32 | 0.30 | 0.27 | 56 | Short-Term Bond | PJEZX vs PBSMX | |
| PGIM Short Duration Multi-Sector Bond Fund | 0.34 | 0.29 | 0.26 | 65 | Short-Term Bond | PJEZX vs SDMZX |
See all 10 diversifiers for PJEZX
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