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T. Rowe Price Institutional Long Duration Credit Fund (RPLCX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund normally invests in a diversified portfolio of longer duration debt securities issued by corporations as well as certain non-corporate issuers. The fund manager focuses on corporate bonds, the non-corporate debt securities in which the fund may invest include securities issued by supranational organizations and U.S. and foreign governments and government agencies. Holdings will mainly consist of investment-grade debt securities, although the fund has the flexibility to purchase some non-investment-grade bonds (also called high yield or "junk" bonds).

Looking to diversify beyond RPLCX? The mutual funds below have the lowest correlation with RPLCX — 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 RPLCX.

Best Diversifiers for RPLCX

3 mutual funds have low correlation with RPLCX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Institutional Floating Rate Fund (RPIFX) (Bank Loan) with a 1Y correlation of 0.22, roughly unchanged from 0.23 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
RPIFX
T. Rowe Price Institutional Floating Rate Fund0.220.250.23
88
Bank LoanRPLCX vs RPIFX
PRSCX
T. Rowe Price Science And Technology Fund0.250.180.16
87
Technology EquitiesRPLCX vs PRSCX
TRBUX
T. Rowe Price Ultra Short-Term Bond Fund0.280.280.28
99
Ultrashort BondRPLCX vs TRBUX
PREIX
T. Rowe Price Equity Index 500 Fund0.360.270.20
65
Large Cap Blend EquitiesRPLCX vs PREIX
PRCOX
T. Rowe Price U.S. Equity Research Fund0.360.270.20
64
Large Cap Blend EquitiesRPLCX vs PRCOX
See all 6 diversifiers for RPLCX

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