Looking to diversify beyond PUCZX? The mutual funds below have the lowest correlation with PUCZX — 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 PUCZX.
Best Diversifiers for PUCZX
2 mutual funds have low correlation with PUCZX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Strategic Income Opportunities Fund Class I (JSOSX) (Total Bond Market) with a 1Y correlation of 0.23, up from -0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Strategic Income Opportunities Fund Class... | 0.23 | -0.16 | -0.21 | 99 | Total Bond Market | PUCZX vs JSOSX | |
| PGIM Floating Rate Income Fund | 0.28 | 0.26 | 0.29 | 96 | Bank Loan | PUCZX vs FRFZX | |
| Vanguard Ultra-Short-Term Bond Fund Investor Share... | 0.32 | 0.45 | 0.49 | 99 | Total Bond Market | PUCZX vs VUBFX | |
| Fidelity Flex Conservative Income Bond Fund | 0.37 | 0.37 | 0.35 | 99 | Total Bond Market | PUCZX vs FJTDX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.39 | 0.45 | 0.41 | 99 | Total Bond Market | PUCZX vs FCNVX |
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