Looking to diversify beyond PRWCX? The mutual funds below have the lowest correlation with PRWCX — 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 PRWCX.
Best Diversifiers for PRWCX
40 mutual funds have low correlation with PRWCX (below 0.3), 3 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.26, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.26 | -0.04 | 0.08 | 65 | Diversified Portfolio | PRWCX vs SIFAX | |
| Fidelity Select Energy Portfolio | -0.16 | 0.15 | 0.27 | 70 | Energy Equities | PRWCX vs FSENX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | -0.02 | 0.09 | 0.07 | 99 | Ultrashort Bond | PRWCX vs TRSTX | |
| Fairholme Focused Income Fund | 0.01 | 0.28 | 0.46 | 57 | High Yield Bonds | PRWCX vs FOCIX | |
| Fidelity Natural Resources Fund | 0.04 | 0.27 | 0.36 | 57 | Energy Equities | PRWCX vs FNARX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PRWCX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRWCX and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.25, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.25 | 0.03 | 0.18 | 73 | Energy | |
| Exxon Mobil Corporation | -0.25 | 0.01 | 0.16 | 76 | Energy | |
| Devon Energy Corporation | -0.22 | 0.09 | 0.22 | 73 | Energy | |
| ConocoPhillips Company | -0.22 | 0.04 | 0.17 | 66 | Energy | |
| Occidental Petroleum Corporation | -0.21 | 0.06 | 0.17 | 64 | Energy |
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