Looking to diversify beyond PJGZX? The mutual funds below have the lowest correlation with PJGZX — 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 PJGZX.
Best Diversifiers for PJGZX
1 mutual funds have low correlation with PJGZX (below 0.3), 0 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of 0.24, down from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.24 | 0.51 | 0.67 | 53 | Large Cap Value Equities | PJGZX vs LEXCX | |
| PGIM Short Duration Multi-Sector Bond Fund | 0.31 | 0.18 | 0.14 | 64 | Short-Term Bond | PJGZX vs SDMZX | |
| PGIM Floating Rate Income Fund | 0.32 | 0.33 | 0.31 | 94 | Bank Loan | PJGZX vs FRFZX | |
| Federated Hermes Strategic Value Dividend Fund | 0.42 | 0.53 | 0.65 | 70 | Large Cap Value Equities | PJGZX vs SVAIX | |
| Buffalo Flexible Income Fund | 0.48 | 0.69 | 0.80 | 71 | Large Cap Value Equities | PJGZX vs BUFBX |
See all 25 diversifiers for PJGZX
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