Looking to diversify beyond PRVAX? The mutual funds below have historically moved differently from PRVAX, 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 PRVAX
17 mutual funds have low correlation with PRVAX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Tax-Free Conservative Income Fund (TFCYX) (Municipal Bonds) with a 1Y correlation of 0.09, roughly unchanged from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.09 | 0.18 | 0.17 | 99 | Municipal Bonds | PRVAX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | 0.13 | 0.15 | 0.12 | 99 | Municipal Bonds | PRVAX vs FHMIX | |
| DFA Short Term Municipal Bond Portfolio | 0.15 | 0.26 | 0.34 | 100 | Municipal Bonds | PRVAX vs DFSMX | |
| Centre American Select Equity Fund | 0.16 | 0.13 | 0.09 | 87 | Large Cap Blend Equities | PRVAX vs DHAMX | |
| T. Rowe Price Equity Index 500 Fund | 0.21 | 0.14 | 0.13 | 62 | Large Cap Blend Equities | PRVAX vs PREIX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PRVAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.30, down from -0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.30 | -0.14 | -0.08 | 70 | Energy | |
| McKesson Corporation | 0.02 | 0.03 | 0.01 | 67 | Healthcare | |
| NVIDIA Corporation | 0.02 | 0.01 | 0.06 | 56 | Technology | |
| CrowdStrike Holdings, Inc. | 0.06 | 0.02 | 0.06 | 80 | Technology | |
| Apple Inc | 0.09 | 0.05 | 0.07 | 89 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PRVAX
Add PRVAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PRVAX