Looking to diversify beyond PREIX? The mutual funds below have the lowest correlation with PREIX — 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 PREIX.
Best Diversifiers for PREIX
25 mutual funds have low correlation with PREIX (below 0.3), 4 of which are negatively correlated. The least correlated is T. Rowe Price Dynamic Credit Fund (RPIDX) (Nontraditional Bonds) with a 1Y correlation of -0.07, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Dynamic Credit Fund | -0.07 | 0.08 | 0.01 | 76 | Nontraditional Bonds | PREIX vs RPIDX | |
| Fidelity Select Energy Portfolio | -0.03 | 0.23 | 0.35 | 79 | Energy Equities | PREIX vs FSENX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | -0.02 | 0.07 | 0.06 | 98 | Ultrashort Bond | PREIX vs TRSTX | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.02 | 0.09 | 0.15 | 94 | Inflation-Protected Bonds | PREIX vs VTAPX | |
| T. Rowe Price Tax Free Short-Intermediate Fund | 0.02 | 0.09 | 0.10 | 80 | Municipal Bonds | PREIX vs PRFSX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PREIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PREIX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.19, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.19 | 0.01 | 0.13 | 69 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.15 | 0.06 | 0.20 | 85 | Energy | |
| Chevron Corporation | -0.13 | 0.08 | 0.22 | 83 | Energy | |
| Duke Energy Corporation | -0.12 | 0.00 | 0.12 | 53 | Utilities | |
| ConocoPhillips Company | -0.12 | 0.09 | 0.21 | 76 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PREIX
Add PREIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PREIX