Looking to diversify beyond PQCNX? The mutual funds below have the lowest correlation with PQCNX — 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 PQCNX.
Best Diversifiers for PQCNX
1 mutual funds have low correlation with PQCNX (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, up from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Floating Rate Income Fund | 0.24 | 0.13 | 0.11 | 96 | Bank Loan | PQCNX vs FRFZX | |
| PGIM Jennison Small Company Fund | 0.31 | 0.23 | 0.15 | 58 | Small Cap Growth Equities | PQCNX vs PGOAX | |
| PGIM 60/40 Allocation Fund | 0.40 | 0.38 | 0.32 | 81 | Diversified Portfolio | PQCNX vs PALDX | |
| PGIM Short Duration High Yield Income Fund | 0.64 | 0.63 | 0.55 | 68 | High Yield Bonds | PQCNX vs HYSZX | |
| PGIM High Yield Fund | 0.64 | 0.59 | 0.54 | 65 | High Yield Bonds | PQCNX vs PBHAX |
See all 11 diversifiers for PQCNX
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