Looking to diversify beyond PRINX? The mutual funds below have the lowest correlation with PRINX — 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 PRINX.
Best Diversifiers for PRINX
19 mutual funds have low correlation with PRINX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.01, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.01 | 0.18 | 0.21 | 95 | Municipal Bonds | PRINX vs DCARX | |
| Federated Hermes Conservative Municipal Microshort... | 0.07 | 0.13 | 0.10 | 99 | Municipal Bonds | PRINX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.09 | 0.15 | 0.16 | 99 | Municipal Bonds | PRINX vs TFCYX | |
| DFA Municipal Real Return Portfolio | 0.09 | 0.23 | 0.23 | 94 | Municipal Bonds | PRINX vs DMREX | |
| DFA Short Term Municipal Bond Portfolio | 0.10 | 0.24 | 0.34 | 99 | Municipal Bonds | PRINX vs DFSMX |
See all 29 diversifiers for PRINX
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