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Looking to diversify beyond PRFDX? The mutual funds below have the lowest correlation with PRFDX — 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 PRFDX.

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 0.03 over 5 years.


See all 67 diversifiers for PRFDX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from PRFDX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRFDX and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of 0.08, down from 0.47 over 5 years.


SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
Energy Transfer LP0.080.350.47
69
Energy
NVIDIA Corporation0.120.180.34
78
Technology
Black Stone Minerals, L.P.0.130.270.37
54
Energy
Johnson & Johnson0.200.320.36
92
Healthcare

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Diversification Analysis

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