Looking to diversify beyond PAIJX? The mutual funds below have the lowest correlation with PAIJX — 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 PAIJX.
Best Diversifiers for PAIJX
0 mutual funds have low correlation with PAIJX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Dividend Growth Fund, Inc. (PRDGX) (Large Cap Blend Equities) with a 1Y correlation of 0.48, roughly unchanged from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Dividend Growth Fund, Inc. | 0.48 | 0.53 | 0.55 | 52 | Large Cap Blend Equities, Dividend | PAIJX vs PRDGX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.51 | 0.64 | 0.69 | 87 | Emerging Markets Diversified | PAIJX vs ESCIX | |
| T. Rowe Price U.S. Equity Research Fund | 0.66 | 0.64 | 0.63 | 64 | Large Cap Blend Equities | PAIJX vs PRCOX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.67 | 0.75 | 0.79 | 92 | Emerging Markets Diversified | PAIJX vs EMPTX | |
| T. Rowe Price Science And Technology Fund | 0.67 | 0.62 | 0.66 | 87 | Technology Equities | PAIJX vs PRSCX |
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