Looking to diversify beyond PRNMX? The mutual funds below have the lowest correlation with PRNMX — 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 PRNMX.
Best Diversifiers for PRNMX
17 mutual funds have low correlation with PRNMX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Municipal Real Return Portfolio (DMREX) (Municipal Bonds) with a 1Y correlation of 0.04, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Municipal Real Return Portfolio | 0.04 | 0.21 | 0.24 | 94 | Municipal Bonds | PRNMX vs DMREX | |
| DFA California Municipal Real Return Portfolio | 0.04 | 0.23 | 0.24 | 95 | Municipal Bonds | PRNMX vs DCARX | |
| PGIM Jennison Small Company Fund | 0.10 | 0.11 | 0.09 | 58 | Small Cap Growth Equities | PRNMX vs PGOAX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.13 | 0.25 | — | 100 | Municipal Bonds | PRNMX vs DFABX | |
| PGIM 60/40 Allocation Fund | 0.20 | 0.21 | 0.17 | 81 | Diversified Portfolio | PRNMX vs PALDX |
See all 32 diversifiers for PRNMX
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