Looking to diversify beyond PRESX? The mutual funds below have historically moved differently from PRESX, 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 PRESX
0 mutual funds have low correlation with PRESX (below 0.3), 0 of which are negatively correlated. The least correlated is The Central and Eastern Europe Fund (CEE) (Europe Equities) with a 1Y correlation of 0.42, roughly unchanged from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| The Central and Eastern Europe Fund | 0.42 | 0.36 | 0.33 | 55 | Europe Equities | PRESX vs CEE | |
| DoubleLine Shiller Enhanced International CAPE | 0.64 | 0.73 | 0.78 | 93 | Europe Equities | PRESX vs DSEUX | |
| T. Rowe Price U.S. Equity Research Fund | 0.71 | 0.67 | 0.72 | 56 | Large Cap Blend Equities | PRESX vs PRCOX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.72 | 0.70 | 0.73 | 77 | Large Cap Blend Equities, Dividend | PRESX vs PRDGX | |
| T. Rowe Price Equity Index 500 Fund | 0.74 | 0.68 | 0.73 | 62 | Large Cap Blend Equities | PRESX vs PREIX |
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