Looking to diversify beyond TBLAX? The mutual funds below have historically moved differently from TBLAX, 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 TBLAX
0 mutual funds have low correlation with TBLAX (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 0.79, roughly unchanged from 0.82 over 3 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. | 0.79 | 0.82 | — | 77 | Large Cap Blend Equities, Dividend | TBLAX vs PRDGX | |
| Dimensional Retirement Income Fund | 0.85 | 0.86 | — | 81 | Target Retirement Date | TBLAX vs TDIFX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.87 | 0.84 | — | 53 | Target Retirement Date | TBLAX vs DRIQX | |
| MFS Lifetime Income Fund | 0.87 | 0.88 | — | 66 | Target Retirement Date | TBLAX vs MLLIX | |
| T. Rowe Price U.S. Equity Research Fund | 0.89 | 0.87 | — | 56 | Large Cap Blend Equities | TBLAX vs PRCOX |
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