Looking to diversify beyond PRNYX? The mutual funds below have the lowest correlation with PRNYX — 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 PRNYX.
Best Diversifiers for PRNYX
17 mutual funds have low correlation with PRNYX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.02, 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 | -0.02 | 0.19 | 0.20 | 95 | Municipal Bonds | PRNYX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.07 | 0.22 | 0.22 | 94 | Municipal Bonds | PRNYX vs DMREX | |
| DFA Short Term Municipal Bond Portfolio | 0.11 | 0.26 | 0.35 | 99 | Municipal Bonds | PRNYX vs DFSMX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.11 | 0.19 | 0.19 | 99 | Municipal Bonds | PRNYX vs TFCYX | |
| T. Rowe Price Science And Technology Fund | 0.12 | 0.07 | 0.10 | 87 | Technology Equities | PRNYX vs PRSCX |
See all 36 diversifiers for PRNYX
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