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T. Rowe Price Inflation Protected Bond Fund (PRIPX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 1, 2026
Documentation

The investment seeks to provide inflation protection and income. The fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in inflation-protected bonds. The emphasis will be on bonds issued by the U.S. Treasury (e.g., Treasury inflation-protected securities), but similar bonds issued by U.S. government agencies and corporations may also be purchased. Up to 20% of the fund's investments in inflation-protected bonds may be issued by foreign governments or corporations and linked to a non-U.S. inflation rate. It may also invest up to 20% of its net assets in fixed-income securities that are not indexed to inflation.

Looking to diversify beyond PRIPX? The mutual funds below have historically moved differently from PRIPX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.

Best Diversifiers for PRIPX

6 mutual funds have low correlation with PRIPX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Multi-Asset Real Return Fund Class A (SEIAX) (Inflation-Protected Bonds) with a 1Y correlation of 0.08, down from 0.32 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SEIAX
SEI Multi-Asset Real Return Fund Class A0.080.260.32
86
Inflation-Protected BondsPRIPX vs SEIAX
PRDGX
T. Rowe Price Dividend Growth Fund, Inc.0.170.220.19
77
Large Cap Blend Equities, DividendPRIPX vs PRDGX
PREIX
T. Rowe Price Equity Index 500 Fund0.190.190.17
62
Large Cap Blend EquitiesPRIPX vs PREIX
PRCOX
T. Rowe Price U.S. Equity Research Fund0.190.180.17
56
Large Cap Blend EquitiesPRIPX vs PRCOX
POMIX
T. Rowe Price Total Equity Market Index Fund0.210.190.17
68
Large Cap Blend EquitiesPRIPX vs POMIX
See all 17 diversifiers for PRIPX

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