Looking to diversify beyond PRSCX? The mutual funds below have the lowest correlation with PRSCX — 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 PRSCX.
Best Diversifiers for PRSCX
27 mutual funds have low correlation with PRSCX (below 0.3), 1 of which are negatively correlated. The least correlated is T. Rowe Price Ultra Short-Term Bond Fund Class I (TRSTX) (Ultrashort Bond) with a 1Y correlation of -0.00, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Ultra Short-Term Bond Fund Class I | -0.00 | 0.03 | 0.04 | 99 | Ultrashort Bond | PRSCX vs TRSTX | |
| T. Rowe Price Short-Term Bond Fund | 0.01 | 0.03 | 0.06 | 94 | Short-Term Bond | PRSCX vs PRWBX | |
| T. Rowe Price Tax Free Short-Intermediate Fund | 0.03 | 0.01 | 0.07 | 73 | Municipal Bonds | PRSCX vs PRFSX | |
| T. Rowe Price Ultra Short-Term Bond Fund | 0.07 | -0.02 | 0.04 | 99 | Ultrashort Bond | PRSCX vs TRBUX | |
| T. Rowe Price Tax Free High Yield Fund | 0.10 | 0.06 | 0.10 | 97 | High Yield Muni | PRSCX vs PRFHX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PRSCX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRSCX and solid risk/return profiles. The least correlated is PepsiCo, Inc. (PEP) (Consumer Defensive) with a 1Y correlation of -0.30, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PepsiCo, Inc. | -0.30 | -0.14 | 0.00 | 53 | Consumer Defensive | |
| Berkshire Hathaway Inc. | -0.23 | 0.04 | 0.23 | 53 | Financial Services | |
| Electronic Arts Inc. | 0.04 | 0.21 | 0.34 | 96 | Communication Services | |
| eBay Inc. | 0.12 | 0.16 | 0.37 | 78 | Consumer Cyclical | |
| FedEx Corporation | 0.20 | 0.24 | 0.38 | 98 | Industrials |
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