Looking to diversify beyond PQEMX? The mutual funds below have the lowest correlation with PQEMX — 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 PQEMX.
Best Diversifiers for PQEMX
2 mutual funds have low correlation with PQEMX (below 0.3), 0 of which are negatively correlated. The least correlated is PGIM Short Duration Multi-Sector Bond Fund (SDMZX) (Short-Term Bond) with a 1Y correlation of 0.18, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Short Duration Multi-Sector Bond Fund | 0.18 | 0.12 | 0.14 | 50 | Short-Term Bond | PQEMX vs SDMZX | |
| PGIM Floating Rate Income Fund | 0.27 | 0.24 | 0.29 | 96 | Bank Loan | PQEMX vs FRFZX | |
| PGIM High Yield Fund Class R6 | 0.38 | 0.35 | 0.38 | 69 | High Yield Bonds | PQEMX vs PHYQX | |
| PGIM Short Duration High Yield Income Fund | 0.38 | 0.37 | 0.40 | 68 | High Yield Bonds | PQEMX vs HYSZX | |
| PGIM High Yield Fund | 0.40 | 0.34 | 0.38 | 65 | High Yield Bonds | PQEMX vs PBHAX |
See all 28 diversifiers for PQEMX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PQEMX
Add PQEMX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PQEMX