Looking to diversify beyond PEXMX? The mutual funds below have the lowest correlation with PEXMX — 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 PEXMX.
Best Diversifiers for PEXMX
1 mutual funds have low correlation with PEXMX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Tax Free Short-Intermediate Fund (PRFSX) (Municipal Bonds) with a 1Y correlation of 0.02, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Tax Free Short-Intermediate Fund | 0.02 | 0.10 | 0.12 | 80 | Municipal Bonds | PEXMX vs PRFSX | |
| T. Rowe Price Science And Technology Fund | 0.65 | 0.68 | 0.77 | 91 | Technology Equities | PEXMX vs PRSCX | |
| T. Rowe Price Global Technology Fund | 0.66 | 0.67 | 0.77 | 92 | Technology Equities | PEXMX vs PRGTX | |
| Tanaka Growth Fund | 0.71 | 0.74 | 0.80 | 54 | Mid Cap Growth Equities | PEXMX vs TGFRX | |
| T. Rowe Price Value Fund | 0.74 | 0.78 | 0.79 | 52 | Large Cap Value Equities | PEXMX vs TRVLX |
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