Looking to diversify beyond PQJCX? The mutual funds below have the lowest correlation with PQJCX — 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 PQJCX.
Best Diversifiers for PQJCX
2 mutual funds have low correlation with PQJCX (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 0.24, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Short Duration Multi-Sector Bond Fund | 0.24 | 0.18 | 0.17 | 64 | Short-Term Bond | PQJCX vs SDMZX | |
| PGIM Floating Rate Income Fund | 0.29 | 0.31 | 0.31 | 94 | Bank Loan | PQJCX vs FRFZX | |
| PGIM Short-Term Corporate Bond Fund | 0.31 | 0.21 | 0.18 | 55 | Short-Term Bond | PQJCX vs PBSMX | |
| PGIM High Yield Fund Class R6 | 0.46 | 0.47 | 0.48 | 75 | High Yield Bonds | PQJCX vs PHYQX | |
| PGIM Short Duration High Yield Income Fund | 0.50 | 0.50 | 0.49 | 70 | High Yield Bonds | PQJCX vs HYSZX |
See all 18 diversifiers for PQJCX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PQJCX
Add PQJCX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PQJCX