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
1 mutual funds have low correlation with PRQZX (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO Commodity Real Return Strategy Fund (PCRIX) (Commodities) with a 1Y correlation of 0.02, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Real Return Strategy Fund | 0.02 | 0.19 | 0.25 | 78 | Commodities | PRQZX vs PCRIX | |
| Dimensional Retirement Income Fund | 0.74 | 0.78 | 0.75 | 85 | Target Retirement Date | PRQZX vs TDIFX | |
| PIMCO RAE US Small Fund | 0.75 | 0.77 | 0.78 | 60 | Small Cap Value Equities | PRQZX vs PMJIX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.81 | 0.73 | 0.70 | 76 | Target Retirement Date | PRQZX vs FFGZX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.81 | 0.75 | 0.73 | 70 | Target Retirement Date | PRQZX vs FRIMX |
See all 51 diversifiers for PRQZX
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