Looking to diversify beyond PQCCX? The mutual funds below have the lowest correlation with PQCCX — 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 PQCCX.
Best Diversifiers for PQCCX
1 mutual funds have low correlation with PQCCX (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 0.24, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Floating Rate Income Fund | 0.24 | 0.31 | 0.31 | 96 | Bank Loan | PQCCX vs FRFZX | |
| PGIM Short Duration Multi-Sector Bond Fund | 0.31 | 0.20 | 0.16 | 53 | Short-Term Bond | PQCCX vs SDMZX | |
| PGIM High Yield Fund Class R6 | 0.47 | 0.47 | 0.47 | 72 | High Yield Bonds | PQCCX vs PHYQX | |
| PGIM Short Duration High Yield Income Fund | 0.51 | 0.52 | 0.48 | 68 | High Yield Bonds | PQCCX vs HYSZX | |
| PGIM High Yield Fund | 0.51 | 0.46 | 0.46 | 65 | High Yield Bonds | PQCCX vs PBHAX |
See all 21 diversifiers for PQCCX
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