Looking to diversify beyond PQTSX? The mutual funds below have the lowest correlation with PQTSX — 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 PQTSX.
Best Diversifiers for PQTSX
4 mutual funds have low correlation with PQTSX (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 0.16, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Floating Rate Income Fund | 0.16 | 0.13 | 0.12 | 96 | Bank Loan | PQTSX vs FRFZX | |
| PGIM Jennison Small Company Fund | 0.21 | 0.20 | 0.14 | 60 | Small Cap Growth Equities | PQTSX vs PGOAX | |
| Allspring Real Return Fund | 0.21 | 0.46 | 0.61 | 88 | Inflation-Protected Bonds | PQTSX vs IPBAX | |
| PGIM 60/40 Allocation Fund | 0.24 | 0.32 | 0.27 | 81 | Diversified Portfolio | PQTSX vs PALDX | |
| PIMCO Inflation Response Multi-Asset Fund | 0.44 | 0.53 | 0.55 | 74 | Diversified Portfolio | PQTSX vs PZRMX |
See all 19 diversifiers for PQTSX
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