Looking to diversify beyond PRJZX? The mutual funds below have the lowest correlation with PRJZX — 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 PRJZX.
Best Diversifiers for PRJZX
14 mutual funds have low correlation with PRJZX (below 0.3), 1 of which are negatively correlated. The least correlated is PGIM Quant Solutions Commodity Strategies Fund (PQCMX) (Commodities) with a 1Y correlation of -0.12, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Quant Solutions Commodity Strategies Fund | -0.12 | 0.05 | 0.11 | 77 | Commodities | PRJZX vs PQCMX | |
| BlackRock Tactical Opportunities Fund Institutiona... | 0.01 | 0.23 | 0.19 | 66 | Tactical Allocation | PRJZX vs PBAIX | |
| PGIM Securitized Credit Fund | 0.08 | 0.03 | 0.03 | 99 | Nontraditional Bonds | PRJZX vs SCFZX | |
| PGIM California Muni Income Fund | 0.08 | 0.07 | 0.07 | 67 | Municipal Bonds | PRJZX vs PBCAX | |
| PGIM National Muni Fund | 0.12 | 0.09 | 0.09 | 72 | Municipal Bonds | PRJZX vs PRNMX |
See all 81 diversifiers for PRJZX
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