Looking to diversify beyond PRBMX? The mutual funds below have the lowest correlation with PRBMX — 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 PRBMX.
Best Diversifiers for PRBMX
0 mutual funds have low correlation with PRBMX (below 0.3), 0 of which are negatively correlated. The least correlated is PGIM High Yield Fund Class R6 (PHYQX) (High Yield Bonds) with a 1Y correlation of 0.56, roughly unchanged from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM High Yield Fund Class R6 | 0.56 | 0.52 | 0.54 | 69 | High Yield Bonds | PRBMX vs PHYQX | |
| PIMCO RAE US Small Fund | 0.74 | 0.77 | 0.79 | 72 | Small Cap Value Equities | PRBMX vs PMJIX | |
| Dimensional Retirement Income Fund | 0.78 | 0.78 | 0.75 | 70 | Target Retirement Date | PRBMX vs TDIFX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.82 | 0.74 | 0.72 | 65 | Target Retirement Date | PRBMX vs FRIMX | |
| Fidelity Managed Retirement Income Fund | 0.82 | 0.74 | 0.72 | 66 | Target Retirement Date | PRBMX vs FIRMX |
See all 56 diversifiers for PRBMX
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