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), 0 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 0.24 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 | 0.24 | 82 | Short-Term Bond | PRVBX vs LCCMX | |
| DFA Two-Year Fixed Income Portfolio | 0.11 | 0.07 | 0.35 | 100 | Short-Term Bond | PRVBX vs DFCFX | |
| Holbrook Income Fund | 0.26 | 0.38 | 0.46 | 98 | Short-Term Bond | PRVBX vs HOBEX | |
| GuidePath Absolute Return Allocation Fund | 0.27 | 0.58 | 0.64 | 54 | Short-Term Bond | PRVBX vs GPARX | |
| DFA Short-Duration Real Return Portfolio | 0.31 | 0.24 | 0.38 | 98 | Short-Term Bond | PRVBX vs DFAIX |
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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 Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.22, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.22 | -0.06 | -0.03 | 62 | Energy | |
| McKesson Corporation | -0.02 | 0.00 | 0.04 | 60 | Healthcare | |
| Berkshire Hathaway Inc. | 0.08 | 0.18 | 0.17 | 53 | Financial Services | |
| CrowdStrike Holdings, Inc. | 0.12 | 0.11 | 0.16 | 77 | Technology | |
| Rivian Automotive, Inc. | 0.13 | 0.18 | 0.20 | 63 | Consumer Cyclical |
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