Looking to diversify beyond PRASX? The mutual funds below have historically moved differently from PRASX, 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 PRASX
0 mutual funds have low correlation with PRASX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) (Large Cap Value Equities) with a 1Y correlation of 0.40, roughly unchanged from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard High Dividend Yield Index Fund Admiral Sh... | 0.40 | 0.45 | 0.47 | 88 | Large Cap Value Equities, Dividend | PRASX vs VHYAX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.46 | 0.49 | 0.51 | 77 | Large Cap Blend Equities, Dividend | PRASX vs PRDGX | |
| DFA Japanese Small Company Portfolio | 0.46 | 0.45 | 0.47 | 69 | Japan Equities, Asia Pacific Equities | PRASX vs DFJSX | |
| Morgan Stanley China A Share Fund | 0.52 | 0.51 | 0.60 | 78 | China Equities, Asia Pacific Equities | PRASX vs CAF | |
| Vanguard Strategic Equity Fund | 0.59 | 0.54 | 0.57 | 88 | Mid Cap Blend Equities | PRASX vs VSEQX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PRASX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.26, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.26 | -0.05 | 0.04 | 90 | Consumer Defensive | |
| Merck & Co., Inc. | -0.01 | 0.00 | -0.00 | 96 | Healthcare | |
| General Electric Company | 0.32 | 0.32 | 0.36 | 74 | Industrials | |
| GE Vernova Inc. | 0.42 | 0.39 | 0.39 | 76 | Industrials |
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