Looking to diversify beyond PPRMX? The mutual funds below have the lowest correlation with PPRMX — 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 PPRMX.
Best Diversifiers for PPRMX
3 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 0.02, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.14 | 0.27 | 63 | Diversified Portfolio | PPRMX vs MHELX | |
| Greenspring Fund | 0.29 | 0.38 | 0.41 | 61 | Diversified Portfolio | PPRMX vs GRSPX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.29 | 0.31 | 0.36 | 99 | Diversified Portfolio | PPRMX vs STDAX | |
| PIMCO RAE US Small Fund | 0.31 | 0.41 | 0.44 | 60 | Small Cap Value Equities | PPRMX vs PMJIX | |
| Allspring Diversified Capital Builder Fund | 0.31 | 0.35 | 0.38 | 96 | Diversified Portfolio | PPRMX vs EKBAX |
See all 31 diversifiers for PPRMX
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