Looking to diversify beyond PRWBX? The mutual funds below have the lowest correlation with PRWBX — 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 PRWBX.
Best Diversifiers for PRWBX
17 mutual funds have low correlation with PRWBX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA Two-Year Fixed Income Portfolio (DFCFX) (Short-Term Bond) with a 1Y correlation of -0.05, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | -0.05 | 0.00 | 0.31 | 68 | Short-Term Bond | PRWBX vs DFCFX | |
| T. Rowe Price Science And Technology Fund | 0.03 | 0.03 | 0.06 | 87 | Technology Equities | PRWBX vs PRSCX | |
| GuidepathConservative Income Fund | 0.04 | 0.24 | 0.34 | 99 | Short-Term Bond | PRWBX vs GPICX | |
| Leader Short Term High Yield Bond Fund | 0.06 | 0.16 | 0.19 | 79 | Short-Term Bond | PRWBX vs LCCMX | |
| T. Rowe Price U.S. Equity Research Fund | 0.08 | 0.07 | 0.08 | 64 | Large Cap Blend Equities | PRWBX vs PRCOX |
See all 27 diversifiers for PRWBX
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