Looking to diversify beyond PRUFX? The mutual funds below have historically moved differently from PRUFX, 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 PRUFX
0 mutual funds have low correlation with PRUFX (below 0.3), 0 of which are negatively correlated. The least correlated is Provident Trust Strategy Fund (PROVX) (Large Cap Growth Equities) with a 1Y correlation of 0.50, down from 0.75 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Provident Trust Strategy Fund | 0.50 | 0.61 | 0.75 | 51 | Large Cap Growth Equities | PRUFX vs PROVX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.54 | 0.62 | 0.72 | 75 | Large Cap Blend Equities, Dividend | PRUFX vs PRDGX | |
| ICON Equity Fund | 0.56 | 0.52 | 0.65 | 79 | Large Cap Growth Equities | PRUFX vs IOLZX | |
| Davis New York Venture Fund Class Y | 0.58 | 0.63 | 0.72 | 91 | Large Cap Growth Equities | PRUFX vs DNVYX | |
| American Growth Fund Series One | 0.64 | 0.70 | 0.77 | 55 | Large Cap Growth Equities | PRUFX vs AMRGX |
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