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 0.45, 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 | 0.45 | 0.61 | 0.74 | 91 | Technology Equities | PMEGX vs PRSCX | |
| Essex Environmental Opportunities Fund | 0.59 | 0.72 | 0.78 | 79 | Mid Cap Growth Equities | PMEGX vs EEOFX | |
| Vanguard Total International Stock Index Fund Inst... | 0.64 | 0.69 | 0.73 | 59 | Large Cap Blend Equities, Foreign Large Cap Equities | PMEGX vs VTSNX | |
| Needham Growth Fund | 0.65 | 0.73 | 0.81 | 93 | Mid Cap Growth Equities | PMEGX vs NEEGX | |
| Vanguard Wellington Fund Admiral Shares | 0.65 | 0.75 | 0.82 | 75 | Diversified Portfolio | PMEGX vs VWENX |
See all 20 diversifiers for PMEGX
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