Looking to diversify beyond PJFAX? The mutual funds below have the lowest correlation with PJFAX — 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 PJFAX.
Best Diversifiers for PJFAX
14 mutual funds have low correlation with PJFAX (below 0.3), 2 of which are negatively correlated. The least correlated is PGIM Jennison MLP Fund (PRPZX) (Energy Equities) with a 1Y correlation of -0.12, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Jennison MLP Fund | -0.12 | 0.17 | 0.30 | 78 | Energy Equities | PJFAX vs PRPZX | |
| PGIM Quant Solutions Commodity Strategies Fund | -0.07 | 0.04 | 0.10 | 62 | Commodities | PJFAX vs PQCMX | |
| PGIM US Real Estate Fund | 0.05 | 0.26 | 0.42 | 58 | REIT | PJFAX vs PJEZX | |
| PGIM Securitized Credit Fund | 0.06 | 0.02 | 0.04 | 100 | Nontraditional Bonds | PJFAX vs SCFZX | |
| PGIM Real Assets Fund | 0.16 | 0.32 | 0.42 | 88 | Diversified Portfolio | PJFAX vs PUDZX |
See all 88 diversifiers for PJFAX
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