Looking to diversify beyond PWJZX? The mutual funds below have the lowest correlation with PWJZX — 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 PWJZX.
Best Diversifiers for PWJZX
11 mutual funds have low correlation with PWJZX (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 -0.08, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Quant Solutions Commodity Strategies Fund | -0.08 | 0.07 | 0.13 | 65 | Commodities | PWJZX vs PQCMX | |
| PGIM Jennison MLP Fund | -0.07 | 0.21 | 0.30 | 72 | Energy Equities | PWJZX vs PRPZX | |
| PGIM Securitized Credit Fund | 0.10 | 0.00 | 0.03 | 100 | Nontraditional Bonds | PWJZX vs SCFZX | |
| PGIM US Real Estate Fund | 0.20 | 0.36 | 0.46 | 58 | REIT | PWJZX vs PJEZX | |
| PGIM National Muni Fund | 0.21 | 0.13 | 0.15 | 75 | Municipal Bonds | PWJZX vs PRNMX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PWJZX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PWJZX and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.07, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.07 | 0.17 | 0.30 | 53 | Financial Services |
Build a portfolio that complements PWJZX
Add PWJZX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PWJZX