Looking to diversify beyond PROVX? The mutual funds below have the lowest correlation with PROVX — 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 PROVX.
Best Diversifiers for PROVX
0 mutual funds have low correlation with PROVX (below 0.3), 0 of which are negatively correlated. The least correlated is One Rock Fund (ONERX) (Large Cap Growth Equities) with a 1Y correlation of 0.33, down from 0.64 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| One Rock Fund | 0.33 | 0.52 | 0.64 | 87 | Large Cap Growth Equities | PROVX vs ONERX | |
| Alger Large Cap Growth Portfolio Fund | 0.41 | 0.57 | 0.71 | 53 | Large Cap Growth Equities | PROVX vs AAGOX | |
| Alger Focus Equity Fund | 0.43 | 0.57 | 0.72 | 53 | Large Cap Growth Equities | PROVX vs ALGRX | |
| Alger Focus Equity A Fund | 0.43 | 0.57 | 0.72 | 53 | Large Cap Growth Equities | PROVX vs ALAFX | |
| Alger Focus Equity Fund Class Z | 0.43 | 0.57 | 0.72 | 54 | Large Cap Growth Equities | PROVX vs ALZFX |
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