Looking to diversify beyond PRERX? The mutual funds below have the lowest correlation with PRERX — 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 PRERX.
Best Diversifiers for PRERX
3 mutual funds have low correlation with PRERX (below 0.3), 2 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.18 | — | — | 98 | REIT | PRERX vs QREARX | |
| Redwood Real Estate Income Fund | -0.02 | — | — | 100 | REIT | PRERX vs CREMX | |
| Principal Tax-Exempt Bond Fund | 0.28 | 0.28 | 0.22 | 62 | Municipal Bonds | PRERX vs PTEAX | |
| Principal Global Multi-Strategy Fund | 0.31 | 0.36 | 0.47 | 96 | Multistrategy | PRERX vs PSMIX | |
| Principal LifeTime Hybrid 2055 Fund | 0.34 | 0.50 | 0.62 | 64 | Target Retirement Date | PRERX vs PLTNX |
See all 9 diversifiers for PRERX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PRERX
Add PRERX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PRERX