Looking to diversify beyond PRMSX? The mutual funds below have the lowest correlation with PRMSX — 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 PRMSX.
Best Diversifiers for PRMSX
0 mutual funds have low correlation with PRMSX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Equity Income Fund (PRFDX) (Large Cap Value Equities) with a 1Y correlation of 0.46, roughly unchanged from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Equity Income Fund | 0.46 | 0.47 | 0.52 | 81 | Large Cap Value Equities | PRMSX vs PRFDX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.47 | 0.62 | 0.68 | 83 | Emerging Markets Diversified | PRMSX vs ESCIX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.48 | 0.50 | 0.53 | 61 | Large Cap Blend Equities, Dividend | PRMSX vs PRDGX | |
| T. Rowe Price Capital Appreciation Fund | 0.56 | 0.57 | 0.58 | 54 | Diversified Portfolio | PRMSX vs PRWCX | |
| Cullen Emerging Markets High Dividend Fund | 0.67 | 0.75 | 0.77 | 82 | Emerging Markets Diversified | PRMSX vs CEMFX |
See all 32 diversifiers for PRMSX
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