Looking to diversify beyond PREMX? The mutual funds below have historically moved differently from PREMX, 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 PREMX
0 mutual funds have low correlation with PREMX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Dividend Growth Fund, Inc. (PRDGX) (Large Cap Blend Equities) with a 1Y correlation of 0.38, roughly unchanged from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Dividend Growth Fund, Inc. | 0.38 | 0.32 | 0.32 | 77 | Large Cap Blend Equities, Dividend | PREMX vs PRDGX | |
| T. Rowe Price Ultra Short-Term Bond Fund | 0.38 | 0.39 | 0.35 | 98 | Ultrashort Bond | PREMX vs TRBUX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.42 | 0.36 | 0.42 | 79 | Bank Loan | PREMX vs RPIFX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.44 | 0.35 | 0.37 | 57 | Emerging Markets Bonds | PREMX vs EDD | |
| T. Rowe Price U.S. Equity Research Fund | 0.44 | 0.31 | 0.32 | 56 | Large Cap Blend Equities | PREMX vs PRCOX |
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