Looking to diversify beyond TASVX? The mutual funds below have the lowest correlation with TASVX — 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 TASVX.
Best Diversifiers for TASVX
2 mutual funds have low correlation with TASVX (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 0.22, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Floating Rate Income Fund | 0.22 | 0.29 | 0.29 | 96 | Bank Loan | TASVX vs FRFZX | |
| PGIM Short Duration Multi-Sector Bond Fund | 0.27 | 0.18 | 0.14 | 50 | Short-Term Bond | TASVX vs SDMZX | |
| PGIM High Yield Fund Class R6 | 0.41 | 0.45 | 0.44 | 69 | High Yield Bonds | TASVX vs PHYQX | |
| Aegis Value Fund | 0.46 | 0.50 | 0.57 | 89 | Small Cap Value Equities | TASVX vs AVALX | |
| PGIM High Yield Fund | 0.47 | 0.45 | 0.44 | 65 | High Yield Bonds | TASVX vs PBHAX |
See all 33 diversifiers for TASVX
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