Looking to diversify beyond TBCIX? The mutual funds below have the lowest correlation with TBCIX — 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 TBCIX.
Best Diversifiers for TBCIX
33 mutual funds have low correlation with TBCIX (below 0.3), 3 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.21, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.21 | 0.04 | 0.17 | 62 | Energy Equities | TBCIX vs FSENX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | -0.02 | 0.06 | 0.05 | 99 | Ultrashort Bond | TBCIX vs TRSTX | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.00 | 0.05 | 0.11 | 90 | Inflation-Protected Bonds | TBCIX vs VTAPX | |
| T. Rowe Price Short-Term Bond Fund | 0.04 | 0.05 | 0.08 | 94 | Short-Term Bond | TBCIX vs PRWBX | |
| T. Rowe Price Tax Free Short-Intermediate Fund | 0.06 | 0.03 | 0.08 | 74 | Municipal Bonds | TBCIX vs PRFSX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TBCIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TBCIX and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.35, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.35 | -0.11 | 0.05 | 70 | Energy | |
| Duke Energy Corporation | -0.33 | -0.19 | -0.05 | 66 | Utilities | |
| Exxon Mobil Corporation | -0.33 | -0.11 | 0.03 | 75 | Energy | |
| Occidental Petroleum Corporation | -0.32 | -0.04 | 0.09 | 62 | Energy | |
| Verizon Communications Inc. | -0.31 | -0.15 | -0.02 | 57 | Communication Services |
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Build a portfolio that complements TBCIX
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