Looking to diversify beyond PURZX? The mutual funds below have historically moved differently from PURZX, 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 PURZX
3 mutual funds have low correlation with PURZX (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.25 | — | — | 99 | REIT | PURZX vs QREARX | |
| Redwood Real Estate Income Fund | 0.01 | — | — | 100 | REIT | PURZX vs CREMX | |
| PGIM Floating Rate Income Fund | 0.15 | 0.22 | 0.27 | 97 | Bank Loan | PURZX vs FRFZX | |
| BNY Mellon Natural Resources Fund | 0.32 | 0.40 | 0.42 | 85 | Energy Equities | PURZX vs DLDRX | |
| PGIM Short-Term Corporate Bond Fund | 0.36 | 0.37 | 0.32 | 66 | Short-Term Bond | PURZX vs PBSMX |
See all 37 diversifiers for PURZX
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