Looking to diversify beyond PRCIX? The mutual funds below have the lowest correlation with PRCIX — 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 PRCIX.
Best Diversifiers for PRCIX
5 mutual funds have low correlation with PRCIX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Science And Technology Fund (PRSCX) (Technology Equities) with a 1Y correlation of 0.18, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Science And Technology Fund | 0.18 | 0.11 | 0.10 | 87 | Technology Equities | PRCIX vs PRSCX | |
| T. Rowe Price Equity Index 500 Fund | 0.29 | 0.21 | 0.13 | 65 | Large Cap Blend Equities | PRCIX vs PREIX | |
| T. Rowe Price U.S. Equity Research Fund | 0.29 | 0.20 | 0.13 | 64 | Large Cap Blend Equities | PRCIX vs PRCOX | |
| Fidelity Flex 500 Index Fund | 0.29 | 0.21 | 0.13 | 63 | Large Cap Blend Equities | PRCIX vs FDFIX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.30 | 0.24 | 0.16 | 52 | Large Cap Blend Equities, Dividend | PRCIX vs PRDGX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PRCIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRCIX and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of 0.01, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | 0.01 | 0.14 | 0.14 | 63 | Communication Services | |
| JPMorgan Chase & Co. | 0.06 | 0.01 | -0.04 | 69 | Financial Services | |
| The Coca-Cola Company | 0.12 | 0.15 | 0.13 | 74 | Consumer Defensive | |
| Johnson & Johnson | 0.20 | 0.16 | 0.15 | 95 | Healthcare | |
| The Toronto-Dominion Bank | 0.28 | 0.18 | 0.08 | 98 | Financial Services |
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