Looking to diversify beyond PRXCX? The mutual funds below have historically moved differently from PRXCX, 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 PRXCX
16 mutual funds have low correlation with PRXCX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.03, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.03 | 0.17 | 0.21 | 91 | Municipal Bonds | PRXCX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.03 | 0.20 | 0.23 | 94 | Municipal Bonds | PRXCX vs DMREX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.09 | 0.20 | 0.19 | 99 | Municipal Bonds | PRXCX vs TFCYX | |
| DFA Short Term Municipal Bond Portfolio | 0.13 | 0.25 | 0.34 | 100 | Municipal Bonds | PRXCX vs DFSMX | |
| GMO U.S. Treasury Fund | 0.13 | 0.09 | 0.10 | 99 | Government Bonds | PRXCX vs GUSTX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PRXCX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.05, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.05 | 0.02 | 0.06 | 56 | Technology | |
| Apple Inc | 0.04 | 0.06 | 0.07 | 89 | Technology |
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