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T. Rowe Price Communications & Technology Fund (PRMTX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The investment seeks to provide long-term capital growth. The fund will normally invest at least 80% of its net assets (including any borrowings for investment purposes) in securities of communications and technology companies. The portfolio manager may use both growth and value approaches to stock selection. The fund's portfolio may hold stocks of either U.S. or non-U.S. companies, and may at times consist of a relatively small number of holdings. It is non-diversified.

Looking to diversify beyond PRMTX? The mutual funds below have the lowest correlation with PRMTX — 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 PRMTX.

Best Diversifiers for PRMTX

1 mutual funds have low correlation with PRMTX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price New Era Fund (PRNEX) (Energy Equities) with a 1Y correlation of 0.24, down from 0.44 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
PRNEX
T. Rowe Price New Era Fund0.240.340.44
66
Energy EquitiesPRMTX vs PRNEX
TRMCX
T. Rowe Price Mid-Cap Value Fund0.430.520.60
65
Mid Cap Value EquitiesPRMTX vs TRMCX
PRFDX
T. Rowe Price Equity Income Fund0.440.470.58
74
Large Cap Value EquitiesPRMTX vs PRFDX
MOGLX
Gabelli Media Mogul Fund0.440.500.63
51
Communications EquitiesPRMTX vs MOGLX
TRVLX
T. Rowe Price Value Fund0.480.500.61
67
Large Cap Value EquitiesPRMTX vs TRVLX
See all 37 diversifiers for PRMTX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from PRMTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRMTX and solid risk/return profiles. The least correlated is Prologis, Inc. (PLD) (Real Estate) with a 1Y correlation of 0.12, down from 0.34 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
PLD
Prologis, Inc.0.120.220.34
88
Real Estate
TMO
Thermo Fisher Scientific Inc.0.180.230.39
56
Healthcare
AAPL
Apple Inc0.280.440.59
88
Technology
CDNS
Cadence Design Systems, Inc.0.460.620.69
65
Technology

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Diversification Analysis

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