Looking to diversify beyond PRRIX? The mutual funds below have the lowest correlation with PRRIX — 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 PRRIX.
Best Diversifiers for PRRIX
10 mutual funds have low correlation with PRRIX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA U.S. Large Cap Value Portfolio (DFLVX) (Large Cap Value Equities) with a 1Y correlation of 0.24, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA U.S. Large Cap Value Portfolio | 0.24 | 0.21 | 0.14 | 92 | Large Cap Value Equities | PRRIX vs DFLVX | |
| PIMCO RAE US Small Fund | 0.24 | 0.22 | 0.15 | 72 | Small Cap Value Equities | PRRIX vs PMJIX | |
| Fidelity Small Cap Index Fund | 0.25 | 0.22 | 0.17 | 72 | Small Cap Blend Equities | PRRIX vs FSSNX | |
| JPMorgan Equity Income Fund R6 | 0.27 | 0.23 | 0.17 | 80 | Large Cap Value Equities, Dividend | PRRIX vs OIEJX | |
| Allspring Real Return Fund | 0.27 | 0.50 | 0.64 | 87 | Inflation-Protected Bonds | PRRIX vs IPBAX |
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