Looking to diversify beyond PRSMX? The mutual funds below have the lowest correlation with PRSMX — 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 PRSMX.
Best Diversifiers for PRSMX
16 mutual funds have low correlation with PRSMX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of 0.02, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.02 | 0.20 | 0.22 | 95 | Municipal Bonds | PRSMX vs DCARX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05 | 0.13 | 0.10 | 99 | Municipal Bonds | PRSMX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.06 | 0.17 | 0.17 | 99 | Municipal Bonds | PRSMX vs TFCYX | |
| DFA Short Term Municipal Bond Portfolio | 0.09 | 0.23 | 0.36 | 99 | Municipal Bonds | PRSMX vs DFSMX | |
| T. Rowe Price Science And Technology Fund | 0.10 | 0.06 | 0.09 | 87 | Technology Equities | PRSMX vs PRSCX |
See all 29 diversifiers for PRSMX
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