Looking to diversify beyond PRMDX? The mutual funds below have the lowest correlation with PRMDX — 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 PRMDX.
Best Diversifiers for PRMDX
31 mutual funds have low correlation with PRMDX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of 0.04, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.04 | 0.19 | 0.20 | 95 | Municipal Bonds | PRMDX vs DCARX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.06 | 0.10 | 0.06 | 52 | Large Cap Blend Equities, Dividend | PRMDX vs PRDGX | |
| T. Rowe Price U.S. Equity Research Fund | 0.07 | 0.08 | 0.06 | 64 | Large Cap Blend Equities | PRMDX vs PRCOX | |
| T. Rowe Price Equity Index 500 Fund | 0.08 | 0.08 | 0.06 | 65 | Large Cap Blend Equities | PRMDX vs PREIX | |
| T. Rowe Price Science And Technology Fund | 0.10 | 0.04 | 0.07 | 87 | Technology Equities | PRMDX vs PRSCX |
See all 98 diversifiers for PRMDX
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