Looking to diversify beyond PRCIX? The mutual funds below have historically moved differently from PRCIX, 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 PRCIX
5 mutual funds have low correlation with PRCIX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS Value Fund Class I (MEIIX) (Large Cap Value Equities) with a 1Y correlation of 0.23, roughly unchanged from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Value Fund Class I | 0.23 | 0.22 | 0.15 | 69 | Large Cap Value Equities | PRCIX vs MEIIX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.28 | 0.24 | 0.17 | 77 | Large Cap Blend Equities, Dividend | PRCIX vs PRDGX | |
| T. Rowe Price Equity Index 500 Fund | 0.28 | 0.21 | 0.14 | 62 | Large Cap Blend Equities | PRCIX vs PREIX | |
| T. Rowe Price U.S. Equity Research Fund | 0.28 | 0.20 | 0.14 | 56 | Large Cap Blend Equities | PRCIX vs PRCOX | |
| Fidelity Flex 500 Index Fund | 0.30 | 0.21 | 0.15 | 59 | Large Cap Blend Equities | PRCIX vs FDFIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PRCIX, 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 Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.03, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.03 | 0.14 | 0.14 | 66 | Communication Services | |
| JPMorgan Chase & Co. | 0.10 | 0.01 | -0.03 | 71 | Financial Services | |
| The Coca-Cola Company | 0.10 | 0.15 | 0.14 | 90 | Consumer Defensive | |
| Johnson & Johnson | 0.15 | 0.17 | 0.15 | 97 | Healthcare | |
| Dollar General Corporation | 0.22 | 0.14 | 0.11 | 62 | Consumer Defensive |
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