Looking to diversify beyond PRRSX? The mutual funds below have historically moved differently from PRRSX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PRRSX
4 mutual funds have low correlation with PRRSX (below 0.3), 2 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.25 | — | — | 99 | REIT | PRRSX vs QREARX | |
| PIMCO Commodity Real Return Strategy Fund | -0.07 | 0.06 | 0.16 | 69 | Commodities | PRRSX vs PCRIX | |
| Redwood Real Estate Income Fund | 0.03 | — | — | 100 | REIT | PRRSX vs CREMX | |
| Vanguard Wellington Fund Admiral Shares | 0.25 | 0.47 | 0.59 | 58 | Diversified Portfolio | PRRSX vs VWENX | |
| Fidelity Series Real Estate Income Fund | 0.42 | 0.52 | 0.66 | 87 | REIT | PRRSX vs FSREX |
See all 43 diversifiers for PRRSX
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