Looking to diversify beyond PRXAX? The mutual funds below have historically moved differently from PRXAX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PRXAX
1 mutual funds have low correlation with PRXAX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Dividend Growth Fund, Inc. (PRDGX) (Large Cap Blend Equities) with a 1Y correlation of 0.30, roughly unchanged from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Dividend Growth Fund, Inc. | 0.30 | 0.25 | 0.22 | 75 | Large Cap Blend Equities, Dividend | PRXAX vs PRDGX | |
| T. Rowe Price U.S. Equity Research Fund | 0.31 | 0.22 | 0.20 | 51 | Large Cap Blend Equities | PRXAX vs PRCOX | |
| T. Rowe Price Equity Index 500 Fund | 0.31 | 0.23 | 0.21 | 57 | Large Cap Blend Equities | PRXAX vs PREIX |
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