Looking to diversify beyond PRUIX? The mutual funds below have the lowest correlation with PRUIX — 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 PRUIX.
Best Diversifiers for PRUIX
1 mutual funds have low correlation with PRUIX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.29, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.29 | 0.15 | 0.13 | 66 | Large Cap Blend Equities | PRUIX vs SVPFX | |
| T. Rowe Price Floating Rate Fund Class I | 0.42 | 0.35 | 0.31 | 84 | Bank Loan | PRUIX vs TFAIX | |
| North Square Preferred and Income Securities Fund | 0.53 | 0.35 | 0.42 | 68 | Large Cap Blend Equities | PRUIX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.61 | 0.70 | 0.80 | 60 | Large Cap Blend Equities | PRUIX vs RCKSX | |
| T. Rowe Price Emerging Markets Discovery Stock Fun... | 0.68 | 0.65 | 0.63 | 85 | Emerging Markets Equities | PRUIX vs PRIJX |
See all 43 diversifiers for PRUIX
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