Looking to diversify beyond PTRQX? The mutual funds below have the lowest correlation with PTRQX — 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 PTRQX.
Best Diversifiers for PTRQX
28 mutual funds have low correlation with PTRQX (below 0.3), 2 of which are negatively correlated. The least correlated is PGIM Quant Solutions Commodity Strategies Fund (PQCMX) (Commodities) with a 1Y correlation of -0.27, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Quant Solutions Commodity Strategies Fund | -0.27 | -0.11 | -0.06 | 75 | Commodities | PTRQX vs PQCMX | |
| PGIM Jennison MLP Fund | -0.10 | 0.04 | 0.01 | 52 | Energy Equities | PTRQX vs PRPZX | |
| PGIM Jennison Natural Resources R6 | 0.08 | 0.10 | 0.02 | 87 | Commodity Producers Equities | PTRQX vs PJNQX | |
| PGIM Jennison Natural Resources Fund | 0.09 | 0.10 | 0.02 | 87 | Energy Equities | PTRQX vs PGNAX | |
| Fidelity Emerging Markets K | 0.15 | 0.13 | 0.10 | 83 | Emerging Markets Equities | PTRQX vs FKEMX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PTRQX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PTRQX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.05, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.05 | 0.01 | 0.05 | 76 | Technology | |
| Oracle Corporation | 0.07 | 0.09 | 0.09 | 54 | Technology | |
| Amazon.com, Inc | 0.11 | 0.10 | 0.12 | 58 | Consumer Cyclical | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.11 | 0.04 | 0.04 | 93 | Technology | |
| Apple Inc | 0.12 | 0.15 | 0.12 | 89 | Technology |
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