Looking to diversify beyond PQJCX? The mutual funds below have historically moved differently from PQJCX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PQJCX
1 mutual funds have low correlation with PQJCX (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 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Floating Rate Income Fund | 0.24 | 0.29 | 0.30 | 95 | Bank Loan | PQJCX vs FRFZX | |
| PGIM 60/40 Allocation Fund | 0.78 | 0.77 | 0.81 | 73 | Diversified Portfolio | PQJCX vs PALDX | |
| Driehaus Micro Cap Growth Fund | 0.81 | 0.84 | 0.87 | 77 | Small Cap Growth Equities | PQJCX vs DMCRX | |
| Needham Small Cap Growth Fund | 0.81 | 0.82 | 0.84 | 82 | Small Cap Growth Equities | PQJCX vs NESGX | |
| Needham Small Cap Growth Fund Institutional | 0.81 | 0.82 | 0.84 | 83 | Small Cap Growth Equities | PQJCX vs NESIX |
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