Looking to diversify beyond PQJL? The ETFs below have historically moved differently from PQJL, 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 PQJL
4 ETFs have low correlation with PQJL (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Ultra Short Municipal Bond ETF | 0.13 | — | — | 84 | Municipal Bonds | PQJL vs PUSH | |
| PGIM Ultra Short Bond ETF | 0.18 | — | — | 99 | Ultrashort Bond | PQJL vs PULS | |
| PGIM Short Duration Multi-Sector Bond ETF | 0.23 | — | — | 89 | Multisector Bonds | PQJL vs PSDM | |
| PGIM AAA CLO ETF | 0.28 | — | — | 99 | CLO | PQJL vs PAAA | |
| PGIM Floating Rate Income ETF | 0.37 | — | — | 93 | Bank Loan | PQJL vs PFRL |
See all 26 diversifiers for PQJL
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