Looking to diversify beyond PRPDX? The mutual funds below have the lowest correlation with PRPDX — 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 PRPDX.
Best Diversifiers for PRPDX
4 mutual funds have low correlation with PRPDX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.03, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.15 | 0.42 | 64 | Diversified Portfolio | PRPDX vs MHELX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.24 | 0.34 | 0.42 | 73 | Diversified Portfolio | PRPDX vs SIFAX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.28 | 0.19 | 0.21 | 99 | Ultrashort Bond | PRPDX vs PRTBX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.28 | 0.32 | 0.38 | 99 | Diversified Portfolio | PRPDX vs STDAX | |
| Permanent Portfolio Versatile Bond Portfolio | 0.31 | 0.34 | 0.35 | 85 | Short-Term Bond | PRPDX vs PRVBX |
See all 31 diversifiers for PRPDX
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