Looking to diversify beyond PRPIX? The mutual funds below have the lowest correlation with PRPIX — 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 PRPIX.
Best Diversifiers for PRPIX
2 mutual funds have low correlation with PRPIX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Science And Technology Fund (PRSCX) (Technology Equities) with a 1Y correlation of 0.23, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Science And Technology Fund | 0.23 | 0.16 | 0.15 | 89 | Technology Equities | PRPIX vs PRSCX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.28 | 0.29 | 0.25 | 87 | Bank Loan | PRPIX vs RPIFX | |
| T. Rowe Price U.S. Equity Research Fund | 0.34 | 0.24 | 0.18 | 64 | Large Cap Blend Equities | PRPIX vs PRCOX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.34 | 0.28 | 0.21 | 52 | Large Cap Blend Equities, Dividend | PRPIX vs PRDGX | |
| T. Rowe Price Equity Index 500 Fund | 0.36 | 0.25 | 0.19 | 64 | Large Cap Blend Equities | PRPIX vs PREIX |
See all 8 diversifiers for PRPIX
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