Looking to diversify beyond PRFRX? The mutual funds below have the lowest correlation with PRFRX — 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 PRFRX.
Best Diversifiers for PRFRX
37 mutual funds have low correlation with PRFRX (below 0.3), 1 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of -0.08, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.08 | 0.03 | 0.04 | 100 | High Yield Bonds | PRFRX vs XILSX | |
| Symmetry Panoramic Alternatives Fund | 0.05 | 0.00 | -0.04 | 97 | Multistrategy | PRFRX vs SPATX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.06 | 0.05 | 0.02 | 95 | Long-Short | PRFRX vs BDMIX | |
| BlackRock Global Equity Market Neutral Fund | 0.06 | 0.04 | 0.02 | 95 | Equity Market Neutral | PRFRX vs BDMAX | |
| Cliffwater Corporate Lending Fund | 0.06 | 0.11 | 0.16 | 100 | High Yield Bonds | PRFRX vs CCLFX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PRFRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRFRX and solid risk/return profiles. The least correlated is ZIM Integrated Shipping Services Ltd. (ZIM) (Industrials) with a 1Y correlation of 0.07, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ZIM Integrated Shipping Services Ltd. | 0.07 | 0.11 | 0.12 | 77 | Industrials | |
| Apple Inc | 0.15 | 0.19 | 0.21 | 88 | Technology | |
| U.S. Bancorp | 0.15 | 0.24 | 0.23 | 83 | Financial Services | |
| ON Semiconductor Corporation | 0.19 | 0.18 | 0.19 | 91 | Technology | |
| Texas Instruments Incorporated | 0.20 | 0.21 | 0.20 | 83 | Technology |
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Build a portfolio that complements PRFRX
Add PRFRX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PRFRX