Looking to diversify beyond PQTSX? The mutual funds below have historically moved differently from PQTSX, 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 PQTSX
5 mutual funds have low correlation with PQTSX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Multi-Asset Real Return Fund Class A (SEIAX) (Inflation-Protected Bonds) with a 1Y correlation of -0.02, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Multi-Asset Real Return Fund Class A | -0.02 | 0.19 | 0.26 | 86 | Inflation-Protected Bonds | PQTSX vs SEIAX | |
| PGIM Floating Rate Income Fund | 0.16 | 0.12 | 0.12 | 97 | Bank Loan | PQTSX vs FRFZX | |
| PGIM Jennison Small Company Fund | 0.25 | 0.21 | 0.15 | 67 | Small Cap Growth Equities | PQTSX vs PGOAX | |
| Allspring Real Return Fund | 0.25 | 0.45 | 0.60 | 66 | Inflation-Protected Bonds | PQTSX vs IPBAX | |
| PGIM 60/40 Allocation Fund | 0.29 | 0.32 | 0.29 | 76 | Diversified Portfolio | PQTSX vs PALDX |
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