Looking to diversify beyond PREFX? The mutual funds below have historically moved differently from PREFX, 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 PREFX
0 mutual funds have low correlation with PREFX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Value Fund (TRVLX) (Large Cap Value Equities) with a 1Y correlation of 0.41, down from 0.64 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Value Fund | 0.41 | 0.50 | 0.64 | 91 | Large Cap Value Equities | PREFX vs TRVLX | |
| T. Rowe Price Japan Fund | 0.51 | 0.56 | 0.61 | 59 | Japan Equities, Asia Pacific Equities | PREFX vs PRJPX | |
| Provident Trust Strategy Fund | 0.53 | 0.64 | 0.77 | 51 | Large Cap Growth Equities | PREFX vs PROVX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.56 | 0.66 | 0.76 | 75 | Large Cap Blend Equities, Dividend | PREFX vs PRDGX | |
| T.Rowe Price International Value Equity Fund | 0.56 | 0.55 | 0.62 | 81 | Foreign Large Cap Equities | PREFX vs TRIGX |
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