Looking to diversify beyond PRXAX? The mutual funds below have the lowest correlation with PRXAX — 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 PRXAX.
Best Diversifiers for PRXAX
3 mutual funds have low correlation with PRXAX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Science And Technology Fund (PRSCX) (Technology Equities) with a 1Y correlation of 0.16, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Science And Technology Fund | 0.16 | 0.13 | 0.15 | 90 | Technology Equities | PRXAX vs PRSCX | |
| T. Rowe Price U.S. Equity Research Fund | 0.24 | 0.21 | 0.19 | 71 | Large Cap Blend Equities | PRXAX vs PRCOX | |
| T. Rowe Price Equity Index 500 Fund | 0.24 | 0.21 | 0.19 | 73 | Large Cap Blend Equities | PRXAX vs PREIX | |
| T. Rowe Price Capital Appreciation Fund | 0.32 | 0.34 | 0.29 | 51 | Diversified Portfolio | PRXAX vs PRWCX |
Diversification Analysis
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