Looking to diversify beyond PRMSX? The mutual funds below have historically moved differently from PRMSX, 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 PRMSX
2 mutual funds have low correlation with PRMSX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.17, down from 0.57 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.17 | 0.47 | 0.57 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | PRMSX vs GSIYX | |
| The Cook & Bynum Fund | 0.25 | 0.37 | 0.45 | 66 | Emerging Markets Equities | PRMSX vs COBYX | |
| T. Rowe Price Equity Income Fund | 0.42 | 0.46 | 0.51 | 91 | Dividend, Large Cap Value Equities | PRMSX vs PRFDX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.44 | 0.61 | 0.67 | 92 | Emerging Markets Equities | PRMSX vs ESCIX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.47 | 0.50 | 0.52 | 77 | Large Cap Blend Equities, Dividend | PRMSX vs PRDGX |
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