Looking to diversify beyond PUCZX? The mutual funds below have historically moved differently from PUCZX, 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 PUCZX
3 mutual funds have low correlation with PUCZX (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 0.25, roughly unchanged from 0.29 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 | 0.25 | 0.24 | 0.29 | 97 | Bank Loan | PUCZX vs FRFZX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.25 | -0.14 | -0.20 | 99 | Total Bond Market | PUCZX vs JSOSX | |
| Vanguard Ultra-Short-Term Bond Fund Investor Share... | 0.29 | 0.42 | 0.48 | 99 | Total Bond Market | PUCZX vs VUBFX | |
| Fidelity Flex Conservative Income Bond Fund | 0.36 | 0.33 | 0.33 | 100 | Total Bond Market | PUCZX vs FJTDX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.43 | 0.45 | 0.42 | 100 | Ultrashort Bond | PUCZX vs FCNVX |
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