Looking to diversify beyond PRCPX? The mutual funds below have the lowest correlation with PRCPX — 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 PRCPX.
Best Diversifiers for PRCPX
7 mutual funds have low correlation with PRCPX (below 0.3), 1 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of -0.03, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.03 | 0.01 | 0.03 | 100 | High Yield Bonds | PRCPX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.01 | 0.08 | 0.11 | 100 | High Yield Bonds | PRCPX vs CCLFX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.05 | 0.24 | 0.23 | 88 | Inflation-Protected Bonds | PRCPX vs VTIPX | |
| T. Rowe Price Dynamic Credit Fund | 0.15 | 0.24 | 0.17 | 78 | Nontraditional Bonds | PRCPX vs RPIDX | |
| RiverPark Short Term High Yield Fund | 0.17 | 0.19 | 0.27 | 99 | High Yield Bonds | PRCPX vs RPHIX |
See all 145 diversifiers for PRCPX
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