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
4 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 0.06, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Dynamic Credit Fund | 0.06 | 0.05 | 0.02 | 78 | Nontraditional Bonds | PRHSX vs RPIDX | |
| T. Rowe Price Science And Technology Fund | 0.21 | 0.39 | 0.52 | 87 | Technology Equities | PRHSX vs PRSCX | |
| T. Rowe Price Global Technology Fund | 0.25 | 0.40 | 0.55 | 87 | Technology Equities | PRHSX vs PRGTX | |
| Fidelity Select Semiconductors Portfolio | 0.25 | 0.36 | 0.47 | 96 | Semiconductors, Technology Equities | PRHSX vs FSELX | |
| T. Rowe Price Global Stock Fund | 0.41 | 0.55 | 0.65 | 70 | Global Equities | PRHSX vs PRGSX |
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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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.16, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.16 | 0.24 | 0.39 | 76 | Technology | |
| Amazon.com, Inc | 0.18 | 0.28 | 0.40 | 52 | Consumer Cyclical | |
| Meta Financial Group, Inc. | 0.20 | 0.31 | 0.38 | 54 | Financial Services | |
| Apple Inc | 0.20 | 0.29 | 0.43 | 88 | Technology | |
| Alphabet Inc. Class A | 0.29 | 0.29 | 0.42 | 96 | Communication Services |
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