Looking to diversify beyond SUVZX? The mutual funds below have the lowest correlation with SUVZX — 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 SUVZX.
Best Diversifiers for SUVZX
2 mutual funds have low correlation with SUVZX (below 0.3), 0 of which are negatively correlated. The least correlated is PGIM Floating Rate Income Fund (FRFZX) (Bank Loan) with a 1Y correlation of 0.26, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Floating Rate Income Fund | 0.26 | 0.32 | 0.31 | 96 | Bank Loan | SUVZX vs FRFZX | |
| Voya Corporate Leaders Trust Fund | 0.30 | 0.59 | 0.71 | 68 | Large Cap Value Equities | SUVZX vs LEXCX | |
| PGIM Short Duration Multi-Sector Bond Fund | 0.30 | 0.18 | 0.14 | 59 | Short-Term Bond | SUVZX vs SDMZX | |
| Federated Hermes Strategic Value Dividend Fund | 0.44 | 0.61 | 0.73 | 86 | Large Cap Value Equities | SUVZX vs SVAIX | |
| AMG Yacktman Focused Fund | 0.48 | 0.65 | 0.77 | 86 | Large Cap Value Equities | SUVZX vs YAFFX |
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