Looking to diversify beyond PRQZX? The mutual funds below have the lowest correlation with PRQZX — 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 PRQZX.
Best Diversifiers for PRQZX
0 mutual funds have low correlation with PRQZX (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO RAE US Small Fund (PMJIX) (Small Cap Value Equities) with a 1Y correlation of 0.75, roughly unchanged from 0.79 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO RAE US Small Fund | 0.75 | 0.77 | 0.79 | 72 | Small Cap Value Equities | PRQZX vs PMJIX | |
| Dimensional Retirement Income Fund | 0.78 | 0.78 | 0.75 | 70 | Target Retirement Date | PRQZX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.82 | 0.76 | 0.76 | 65 | Target Retirement Date | PRQZX vs FRQIX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.82 | 0.75 | 0.73 | 65 | Target Retirement Date | PRQZX vs FRIMX | |
| Fidelity Managed Retirement Income Fund | 0.82 | 0.75 | 0.73 | 66 | Target Retirement Date | PRQZX vs FIRMX |
See all 55 diversifiers for PRQZX
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