Looking to diversify beyond PUDZX? The mutual funds below have the lowest correlation with PUDZX — 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 PUDZX.
Best Diversifiers for PUDZX
12 mutual funds have low correlation with PUDZX (below 0.3), 1 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of -0.05, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.05 | 0.12 | 0.39 | 69 | Diversified Portfolio | PUDZX vs MHELX | |
| PGIM Floating Rate Income Fund | 0.09 | 0.17 | 0.23 | 94 | Bank Loan | PUDZX vs FRFZX | |
| Federated Hermes Capital Income Fund | 0.11 | 0.45 | 0.59 | 84 | Diversified Portfolio | PUDZX vs CAPAX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.18 | 0.28 | 0.35 | 99 | Diversified Portfolio | PUDZX vs STDAX | |
| PGIM High Yield Fund Class R6 | 0.20 | 0.41 | 0.46 | 69 | High Yield Bonds | PUDZX vs PHYQX |
See all 365 diversifiers for PUDZX
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Diversification Analysis
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