Looking to diversify beyond PRASX? The mutual funds below have the lowest correlation with PRASX — 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 PRASX.
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 DFA Japanese Small Company Portfolio (DFJSX) (Japan Equities) with a 1Y correlation of 0.43, roughly unchanged from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Japanese Small Company Portfolio | 0.43 | 0.44 | 0.47 | 62 | Japan Equities, Asia Pacific Equities | PRASX vs DFJSX | |
| Vanguard High Dividend Yield Index Fund Admiral Sh... | 0.43 | 0.45 | 0.47 | 81 | Large Cap Value Equities, Dividend | PRASX vs VHYAX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.47 | 0.50 | 0.51 | 61 | Large Cap Blend Equities, Dividend | PRASX vs PRDGX | |
| T. Rowe Price Capital Appreciation Fund | 0.55 | 0.55 | 0.57 | 54 | Diversified Portfolio | PRASX vs PRWCX | |
| Vanguard Strategic Equity Fund | 0.58 | 0.54 | 0.57 | 85 | Mid Cap Blend Equities | PRASX vs VSEQX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PRASX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRASX and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.20, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.20 | -0.03 | 0.05 | 83 | Consumer Defensive | |
| Merck & Co., Inc. | 0.02 | 0.00 | -0.00 | 91 | Healthcare | |
| General Electric Company | 0.33 | 0.32 | 0.37 | 78 | Industrials | |
| GE Vernova Inc. | 0.42 | — | — | 89 | Industrials |
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