Looking to diversify beyond PRKZX? The mutual funds below have the lowest correlation with PRKZX — 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 PRKZX.
Best Diversifiers for PRKZX
3 mutual funds have low correlation with PRKZX (below 0.3), 2 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.22 | — | — | 98 | REIT | PRKZX vs QREARX | |
| Redwood Real Estate Income Fund | -0.04 | — | — | 100 | REIT | PRKZX vs CREMX | |
| PGIM Floating Rate Income Fund | 0.16 | 0.22 | 0.26 | 94 | Bank Loan | PRKZX vs FRFZX | |
| PGIM Short-Term Corporate Bond Fund | 0.37 | 0.36 | 0.30 | 56 | Short-Term Bond | PRKZX vs PBSMX | |
| PGIM Short Duration Multi-Sector Bond Fund | 0.37 | 0.33 | 0.29 | 65 | Short-Term Bond | PRKZX vs SDMZX |
See all 9 diversifiers for PRKZX
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Diversification Analysis
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