Looking to diversify beyond PAIRX? The mutual funds below have historically moved differently from PAIRX, 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 PAIRX
0 mutual funds have low correlation with PAIRX (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 0.77, roughly unchanged from 0.82 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Dividend Growth Fund, Inc. | 0.77 | 0.78 | 0.82 | 77 | Large Cap Blend Equities, Dividend | PAIRX vs PRDGX | |
| Dimensional Retirement Income Fund | 0.84 | 0.85 | 0.83 | 81 | Target Retirement Date | PAIRX vs TDIFX | |
| T. Rowe Price U.S. Equity Research Fund | 0.86 | 0.82 | 0.85 | 56 | Large Cap Blend Equities | PAIRX vs PRCOX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.86 | 0.87 | 0.89 | 77 | Target Retirement Date | PAIRX vs DTDRX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.86 | 0.84 | 0.88 | 77 | Target Retirement Date | PAIRX vs DRILX |
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