Looking to diversify beyond PJIZX? The mutual funds below have the lowest correlation with PJIZX — 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 PJIZX.
Best Diversifiers for PJIZX
0 mutual funds have low correlation with PJIZX (below 0.3), 0 of which are negatively correlated. The least correlated is PGIM Floating Rate Income Fund (FRFZX) (Bank Loan) with a 1Y correlation of 0.31, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Floating Rate Income Fund | 0.31 | 0.29 | 0.32 | 94 | Bank Loan | PJIZX vs FRFZX | |
| PGIM Short Duration Multi-Sector Bond Fund | 0.32 | 0.23 | 0.23 | 64 | Short-Term Bond | PJIZX vs SDMZX | |
| PGIM High Yield Fund Class R6 | 0.51 | 0.46 | 0.49 | 75 | High Yield Bonds | PJIZX vs PHYQX | |
| PGIM High Yield Fund | 0.52 | 0.45 | 0.49 | 72 | High Yield Bonds | PJIZX vs PBHAX | |
| PGIM Short Duration High Yield Income Fund | 0.54 | 0.52 | 0.52 | 70 | High Yield Bonds | PJIZX vs HYSZX |
See all 20 diversifiers for PJIZX
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