Looking to diversify beyond PRFSX? The mutual funds below have the lowest correlation with PRFSX — 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 PRFSX.
Best Diversifiers for PRFSX
15 mutual funds have low correlation with PRFSX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Tax-Free Conservative Income Fund (TFCYX) (Municipal Bonds) with a 1Y correlation of 0.00, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.00 | 0.17 | 0.16 | 99 | Municipal Bonds | PRFSX vs TFCYX | |
| T. Rowe Price U.S. Equity Research Fund | 0.01 | 0.08 | 0.10 | 71 | Large Cap Blend Equities | PRFSX vs PRCOX | |
| T. Rowe Price Equity Index 500 Fund | 0.01 | 0.09 | 0.11 | 73 | Large Cap Blend Equities | PRFSX vs PREIX | |
| T. Rowe Price Science And Technology Fund | 0.01 | 0.01 | 0.08 | 90 | Technology Equities | PRFSX vs PRSCX | |
| T. Rowe Price Capital Appreciation Fund | 0.04 | 0.14 | 0.15 | 51 | Diversified Portfolio | PRFSX vs PRWCX |
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