Looking to diversify beyond PMEGX? The mutual funds below have the lowest correlation with PMEGX — 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 PMEGX.
Best Diversifiers for PMEGX
0 mutual funds have low correlation with PMEGX (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 0.44, down from 0.73 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Science And Technology Fund | 0.44 | 0.60 | 0.73 | 56 | Technology Equities | PMEGX vs PRSCX | |
| Needham Growth Fund Institutional Class | 0.64 | 0.72 | 0.80 | 82 | Mid Cap Growth Equities | PMEGX vs NEEIX | |
| Needham Growth Fund | 0.64 | 0.72 | 0.80 | 81 | Mid Cap Growth Equities | PMEGX vs NEEGX | |
| Timothy Plan Aggressive Growth Fund | 0.65 | 0.77 | 0.85 | 82 | Mid Cap Growth Equities | PMEGX vs TAAGX | |
| Vanguard Total International Stock Index Fund Inst... | 0.66 | 0.69 | 0.73 | 56 | Foreign Large Cap Equities, Large Cap Blend Equities | PMEGX vs VTSNX |
See all 22 diversifiers for PMEGX
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