Looking to diversify beyond PRAIX? The mutual funds below have historically moved differently from PRAIX, 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 PRAIX
3 mutual funds have low correlation with PRAIX (below 0.3), 2 of which are negatively correlated. The least correlated is SEI Multi-Asset Real Return Fund Class A (SEIAX) (Inflation-Protected Bonds) with a 1Y correlation of -0.14, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Multi-Asset Real Return Fund Class A | -0.14 | 0.15 | 0.18 | 86 | Inflation-Protected Bonds | PRAIX vs SEIAX | |
| PIMCO Commodity Real Return Strategy Fund | -0.11 | 0.05 | 0.11 | 70 | Commodities | PRAIX vs PCRIX | |
| Allspring Real Return Fund | 0.26 | 0.46 | 0.59 | 66 | Inflation-Protected Bonds | PRAIX vs IPBAX | |
| PIMCO RAE US Small Fund | 0.32 | 0.25 | 0.14 | 85 | Small Cap Value Equities | PRAIX vs PMJIX | |
| American Century Short Duration Inflation Protecti... | 0.40 | 0.61 | 0.61 | 79 | Inflation-Protected Bonds | PRAIX vs APOIX |
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