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Looking to diversify beyond PRFDX? The mutual funds below have historically moved differently from PRFDX, 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 PRFDX

4 mutual funds have low correlation with PRFDX (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Investor Shares (VMNFX) (Long-Short) with a 1Y correlation of -0.13, down from 0.01 over 5 years.

How candidates are selected

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for PRFDX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Black Stone Minerals, L.P. (BSM) (Energy) with a 1Y correlation of 0.05, down from 0.34 over 5 years.

How candidates are selected

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
Black Stone Minerals, L.P.0.050.240.34
81
Energy
Energy Transfer LP0.070.320.45
81
Energy
NVIDIA Corporation0.150.190.35
56
Technology
Johnson & Johnson0.150.310.34
97
Healthcare
Realty Income Corporation0.270.370.43
77
Real Estate
See all 6 low-correlation stocks for PRFDX

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Diversification Analysis

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