Looking to diversify beyond PSCZX? The mutual funds below have the lowest correlation with PSCZX — 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 PSCZX.
Best Diversifiers for PSCZX
4 mutual funds have low correlation with PSCZX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT Small Cap Growth Fund (QISGX) (Small Cap Growth Equities) with a 1Y correlation of 0.21, down from 0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Small Cap Growth Fund | 0.21 | 0.60 | 0.77 | 66 | Small Cap Growth Equities | PSCZX vs QISGX | |
| PGIM Short Duration Multi-Sector Bond Fund | 0.24 | 0.18 | 0.16 | 64 | Short-Term Bond | PSCZX vs SDMZX | |
| PGIM Floating Rate Income Fund | 0.28 | 0.30 | 0.31 | 94 | Bank Loan | PSCZX vs FRFZX | |
| PGIM Short-Term Corporate Bond Fund | 0.29 | 0.22 | 0.17 | 55 | Short-Term Bond | PSCZX vs PBSMX | |
| PGIM High Yield Fund Class R6 | 0.45 | 0.47 | 0.48 | 75 | High Yield Bonds | PSCZX vs PHYQX |
See all 27 diversifiers for PSCZX
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Diversification Analysis
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