Looking to diversify beyond PNAIX? The mutual funds below have the lowest correlation with PNAIX — 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 PNAIX.
Best Diversifiers for PNAIX
0 mutual funds have low correlation with PNAIX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price New Era Fund (PRNEX) (Energy Equities) with a 1Y correlation of 0.31, down from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price New Era Fund | 0.31 | 0.43 | 0.55 | 55 | Energy Equities | PNAIX vs PRNEX | |
| T. Rowe Price Floating Rate Fund | 0.33 | 0.30 | 0.28 | 91 | High Yield Bonds | PNAIX vs PRFRX | |
| T. Rowe Price Floating Rate Fund Class I | 0.39 | 0.34 | 0.30 | 79 | Bank Loan | PNAIX vs TFAIX | |
| T. Rowe Price Health Sciences Fund | 0.39 | 0.57 | 0.67 | 59 | Health & Biotech Equities | PNAIX vs PRHSX | |
| AMG Yacktman Focused Fund | 0.41 | 0.57 | 0.70 | 86 | Large Cap Value Equities | PNAIX vs YAFFX |
See all 66 diversifiers for PNAIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PNAIX
Add PNAIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PNAIX