Looking to diversify beyond PREMX? The mutual funds below have the lowest correlation with PREMX — 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 PREMX.
Best Diversifiers for PREMX
0 mutual funds have low correlation with PREMX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Stone Harbor Emerging Markets Income Fund (EDF) (Emerging Markets Bonds) with a 1Y correlation of 0.31, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 0.31 | 0.29 | 0.31 | 63 | Emerging Markets Bonds | PREMX vs EDF | |
| T. Rowe Price Science And Technology Fund | 0.32 | 0.22 | 0.27 | 87 | Technology Equities | PREMX vs PRSCX | |
| T. Rowe Price Ultra Short-Term Bond Fund | 0.34 | 0.33 | 0.30 | 99 | Ultrashort Bond | PREMX vs TRBUX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.39 | 0.31 | 0.30 | 52 | Large Cap Blend Equities, Dividend | PREMX vs PRDGX | |
| T. Rowe Price U.S. Equity Research Fund | 0.42 | 0.30 | 0.31 | 64 | Large Cap Blend Equities | PREMX vs PRCOX |
See all 23 diversifiers for PREMX
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