Looking to diversify beyond SUVZX? The mutual funds below have historically moved differently from SUVZX, 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 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 0.25, roughly unchanged from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Floating Rate Income Fund | 0.25 | 0.32 | 0.31 | 97 | Bank Loan | SUVZX vs FRFZX | |
| Voya Corporate Leaders Trust Fund | 0.28 | 0.58 | 0.70 | 93 | Large Cap Value Equities | SUVZX vs LEXCX | |
| PGIM Short Duration Multi-Sector Bond Fund | 0.31 | 0.18 | 0.14 | 63 | Short-Term Bond | SUVZX vs SDMZX | |
| AMG Yacktman Focused Fund | 0.42 | 0.63 | 0.76 | 89 | Large Cap Value Equities | SUVZX vs YAFFX | |
| Federated Hermes Strategic Value Dividend Fund | 0.44 | 0.61 | 0.72 | 94 | Large Cap Value Equities | SUVZX vs SVAIX |
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