Looking to diversify beyond PZRMX? The mutual funds below have the lowest correlation with PZRMX — 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 PZRMX.
Best Diversifiers for PZRMX
3 mutual funds have low correlation with PZRMX (below 0.3), 0 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 0.03, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.14 | 0.27 | 67 | Diversified Portfolio | PZRMX vs MHELX | |
| T. Rowe Price Floating Rate Fund | 0.16 | 0.16 | 0.21 | 96 | High Yield Bonds | PZRMX vs PRFRX | |
| Pioneer Securitized Income Fund | 0.27 | 0.38 | 0.33 | 73 | Nontraditional Bonds | PZRMX vs SYFFX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.31 | 0.32 | 0.36 | 99 | Diversified Portfolio | PZRMX vs STDAX | |
| T. Rowe Price Credit Opportunities Fund | 0.32 | 0.39 | 0.39 | 93 | High Yield Bonds | PZRMX vs PRCPX |
See all 31 diversifiers for PZRMX
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