Looking to diversify beyond PRVAX? The mutual funds below have the lowest correlation with PRVAX — 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 PRVAX.
Best Diversifiers for PRVAX
19 mutual funds have low correlation with PRVAX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.08, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.08 | 0.26 | 0.34 | 99 | Municipal Bonds | PRVAX vs DFSMX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.12 | 0.18 | 0.17 | 99 | Municipal Bonds | PRVAX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | 0.12 | 0.15 | 0.12 | 99 | Municipal Bonds | PRVAX vs FHMIX | |
| T. Rowe Price Science And Technology Fund | 0.13 | 0.08 | 0.11 | 89 | Technology Equities | PRVAX vs PRSCX | |
| Centre American Select Equity Fund | 0.14 | 0.13 | 0.08 | 91 | Large Cap Blend Equities | PRVAX vs DHAMX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PRVAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRVAX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.02, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.02 | 0.02 | 0.05 | 72 | Technology | |
| CrowdStrike Holdings, Inc. | 0.04 | 0.02 | 0.05 | 65 | Technology | |
| Apple Inc | 0.07 | 0.05 | 0.07 | 87 | Technology | |
| Cirrus Logic, Inc. | 0.07 | 0.03 | 0.05 | 79 | Technology | |
| Broadcom Inc. | 0.09 | 0.01 | 0.02 | 72 | Technology |
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