Looking to diversify beyond PRULX? The mutual funds below have historically moved differently from PRULX, 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 PRULX
7 mutual funds have low correlation with PRULX (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 0.02, roughly unchanged from 0.03 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 | 0.02 | 0.02 | 0.03 | 99 | Government Bonds | PRULX vs GUSTX | |
| Federated Hermes Adjustable Rate Fund | 0.20 | 0.45 | 0.43 | 99 | Government Bonds | PRULX vs FEUGX | |
| T. Rowe Price Equity Index 500 Fund | 0.23 | 0.16 | 0.08 | 74 | Large Cap Blend Equities | PRULX vs PREIX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.24 | 0.21 | 0.11 | 80 | Large Cap Blend Equities, Dividend | PRULX vs PRDGX | |
| Fidelity 500 Index Fund | 0.24 | 0.16 | 0.08 | 75 | S&P 500 | PRULX vs FXAIX |
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