Looking to diversify beyond PPRMX? The mutual funds below have historically moved differently from PPRMX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PPRMX
2 mutual funds have low correlation with PPRMX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.03, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.11 | 0.26 | 66 | Diversified Portfolio | PPRMX vs MHELX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.28 | 0.29 | 0.35 | 99 | Diversified Portfolio | PPRMX vs STDAX | |
| Allspring Diversified Capital Builder Fund | 0.36 | 0.34 | 0.37 | 87 | Diversified Portfolio | PPRMX vs EKBAX | |
| PIMCO RAE US Small Fund | 0.38 | 0.40 | 0.43 | 86 | Small Cap Value Equities | PPRMX vs PMJIX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.40 | 0.54 | 0.65 | 83 | Diversified Portfolio | PPRMX vs SIFAX |
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