Looking to diversify beyond PANRX? The mutual funds below have the lowest correlation with PANRX — 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 PANRX.
Best Diversifiers for PANRX
0 mutual funds have low correlation with PANRX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Science And Technology Fund (PRSCX) (Technology Equities) with a 1Y correlation of 0.65, roughly unchanged from 0.72 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Science And Technology Fund | 0.65 | 0.67 | 0.72 | 91 | Technology Equities | PANRX vs PRSCX | |
| T. Rowe Price U.S. Equity Research Fund | 0.80 | 0.78 | 0.82 | 69 | Large Cap Blend Equities | PANRX vs PRCOX | |
| Dimensional Retirement Income Fund | 0.80 | 0.86 | 0.85 | 83 | Target Retirement Date | PANRX vs TDIFX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.81 | 0.84 | 0.86 | 83 | Target Retirement Date | PANRX vs DTDRX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.81 | 0.82 | 0.85 | 83 | Target Retirement Date | PANRX vs DRILX |
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