Looking to diversify beyond PRTIX? The mutual funds below have historically moved differently from PRTIX, 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 PRTIX
6 mutual funds have low correlation with PRTIX (below 0.3), 0 of which are negatively correlated. The least correlated is GMO U.S. Treasury Fund (GUSTX) (Government Bonds) with a 1Y correlation of 0.15, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.15 | 0.11 | 0.09 | 99 | Government Bonds | PRTIX vs GUSTX | |
| T. Rowe Price U.S. Equity Research Fund | 0.22 | 0.14 | 0.09 | 51 | Large Cap Blend Equities | PRTIX vs PRCOX | |
| Fidelity 500 Index Fund | 0.23 | 0.15 | 0.10 | 59 | S&P 500 | PRTIX vs FXAIX | |
| T. Rowe Price Equity Index 500 Fund | 0.23 | 0.15 | 0.10 | 57 | Large Cap Blend Equities | PRTIX vs PREIX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.24 | 0.19 | 0.12 | 75 | Large Cap Blend Equities, Dividend | PRTIX vs PRDGX |
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