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
3 mutual funds have low correlation with PNAIX (below 0.3), 1 of which are negatively correlated. The least correlated is T. Rowe Price Dynamic Credit Fund (RPIDX) (Nontraditional Bonds) with a 1Y correlation of -0.08, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Dynamic Credit Fund | -0.08 | 0.09 | 0.02 | 76 | Nontraditional Bonds | PNAIX vs RPIDX | |
| T. Rowe Price New Era Fund | 0.27 | 0.44 | 0.55 | 90 | Energy Equities | PNAIX vs PRNEX | |
| T. Rowe Price Floating Rate Fund | 0.30 | 0.28 | 0.27 | 96 | High Yield Bonds | PNAIX vs PRFRX | |
| Emerald Insights Fund | 0.36 | 0.76 | 0.85 | 99 | Large Cap Growth Equities | PNAIX vs EFCNX | |
| T. Rowe Price Floating Rate Fund Class I | 0.39 | 0.32 | 0.28 | 84 | Bank Loan | PNAIX vs TFAIX |
See all 55 diversifiers for PNAIX
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