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T. Rowe Price Health Sciences Fund (PRHSX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The fund will normally invest at least 80% of its net assets (including any borrowings for investment purposes) in the common stocks of companies engaged in the research, development, production, or distribution of products or services related to health care, medicine, or the life sciences (collectively termed "health sciences"). While the fund can invest in companies of any size, the majority of fund assets are expected to be invested in large- and mid-capitalization companies.

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

Best Diversifiers for PRHSX

3 mutual funds have low correlation with PRHSX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Dynamic Credit Fund (RPIDX) (Nontraditional Bonds) with a 1Y correlation of 0.04, roughly unchanged from 0.02 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
RPIDX
T. Rowe Price Dynamic Credit Fund0.040.050.02
83
Nontraditional BondsPRHSX vs RPIDX
PRSCX
T. Rowe Price Science And Technology Fund0.260.410.53
90
Technology EquitiesPRHSX vs PRSCX
PRGTX
T. Rowe Price Global Technology Fund0.290.420.56
91
Technology EquitiesPRHSX vs PRGTX
FSELX
Fidelity Select Semiconductors Portfolio0.310.360.48
97
Semiconductors, Technology EquitiesPRHSX vs FSELX
PRSVX
T. Rowe Price Small-Cap Value Fund0.430.530.60
56
Small Cap Blend EquitiesPRHSX vs PRSVX
See all 38 diversifiers for PRHSX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from PRHSX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRHSX and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.15, down from 0.40 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
AMZN
Amazon.com, Inc0.150.280.40
63
Consumer Cyclical
NVDA
NVIDIA Corporation0.190.250.39
82
Technology
AAPL
Apple Inc0.240.300.43
90
Technology
GOOGL
Alphabet Inc Class A0.260.290.42
96
Communication Services

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Diversification Analysis

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