Looking to diversify beyond PSCZX? The mutual funds below have historically moved differently from PSCZX, 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 PSCZX
1 mutual funds have low correlation with PSCZX (below 0.3), 0 of which are negatively correlated. The least correlated is PGIM Floating Rate Income Fund (FRFZX) (Bank Loan) with a 1Y correlation of 0.23, roughly unchanged from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Floating Rate Income Fund | 0.23 | 0.29 | 0.30 | 97 | Bank Loan | PSCZX vs FRFZX | |
| PGIM Short Duration Multi-Sector Bond Fund | 0.35 | 0.20 | 0.18 | 63 | Short-Term Bond | PSCZX vs SDMZX | |
| PGIM Short-Term Corporate Bond Fund | 0.36 | 0.22 | 0.18 | 66 | Short-Term Bond | PSCZX vs PBSMX | |
| Federated Hermes MDT Small Cap Growth Fund | 0.38 | 0.60 | 0.77 | 71 | Small Cap Growth Equities | PSCZX vs QISGX | |
| PGIM High Yield Fund Class R6 | 0.50 | 0.46 | 0.48 | 65 | High Yield Bonds | PSCZX vs PHYQX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PSCZX
Add PSCZX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PSCZX