Looking to diversify beyond PRKZX? The mutual funds below have historically moved differently from PRKZX, 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 PRKZX
3 mutual funds have low correlation with PRKZX (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.29 | — | — | 99 | REIT | PRKZX vs QREARX | |
| Redwood Real Estate Income Fund | 0.00 | — | — | 100 | REIT | PRKZX vs CREMX | |
| PGIM Floating Rate Income Fund | 0.12 | 0.20 | 0.26 | 97 | Bank Loan | PRKZX vs FRFZX | |
| PGIM Short Duration Multi-Sector Bond Fund | 0.35 | 0.32 | 0.29 | 63 | Short-Term Bond | PRKZX vs SDMZX | |
| PGIM 60/40 Allocation Fund | 0.37 | 0.53 | 0.61 | 76 | Diversified Portfolio | PRKZX vs PALDX |
See all 29 diversifiers for PRKZX
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