Looking to diversify beyond PRVBX? The mutual funds below have the lowest correlation with PRVBX — 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 PRVBX.
Best Diversifiers for PRVBX
4 mutual funds have low correlation with PRVBX (below 0.3), 1 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of -0.00, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | -0.00 | 0.12 | 0.25 | 75 | Short-Term Bond | PRVBX vs LCCMX | |
| DFA Two-Year Fixed Income Portfolio | 0.00 | 0.03 | 0.35 | 66 | Short-Term Bond | PRVBX vs DFCFX | |
| DFA Short-Duration Real Return Portfolio | 0.27 | 0.25 | 0.37 | 99 | Short-Term Bond | PRVBX vs DFAIX | |
| Holbrook Income Fund | 0.28 | 0.41 | 0.47 | 96 | Short-Term Bond | PRVBX vs HOBEX | |
| GuidepathConservative Income Fund | 0.31 | 0.40 | 0.44 | 99 | Short-Term Bond | PRVBX vs GPICX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PRVBX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRVBX and solid risk/return profiles. The least correlated is CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of 0.04, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | 0.04 | 0.10 | 0.15 | 70 | Technology | |
| Rivian Automotive, Inc. | 0.09 | 0.17 | — | 55 | Consumer Cyclical | |
| Oracle Corporation | 0.14 | 0.13 | 0.16 | 58 | Technology | |
| NVIDIA Corporation | 0.16 | 0.10 | 0.16 | 78 | Technology | |
| Apple Inc | 0.16 | 0.16 | 0.18 | 89 | Technology |
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