Looking to diversify beyond SDMZX? The mutual funds below have the lowest correlation with SDMZX — 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 SDMZX.
Best Diversifiers for SDMZX
19 mutual funds have low correlation with SDMZX (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 -0.21, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Quant Solutions Commodity Strategies Fund | -0.21 | -0.11 | -0.04 | 57 | Commodities | SDMZX vs PQCMX | |
| PGIM Jennison MLP Fund | -0.13 | -0.01 | 0.03 | 74 | Energy Equities | SDMZX vs PRPZX | |
| PGIM Jennison Natural Resources Fund | 0.12 | 0.08 | 0.06 | 64 | Energy Equities | SDMZX vs PGNAX | |
| PGIM Jennison Natural Resources R6 | 0.12 | 0.08 | 0.06 | 66 | Natural Resources | SDMZX vs PJNQX | |
| DFA Two-Year Fixed Income Portfolio | 0.14 | 0.01 | 0.32 | 100 | Short-Term Bond | SDMZX vs DFCFX |
See all 90 diversifiers for SDMZX
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