Looking to diversify beyond TBLBX? The mutual funds below have historically moved differently from TBLBX, 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 TBLBX
0 mutual funds have low correlation with TBLBX (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 0.78, roughly unchanged from 0.83 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. | 0.78 | 0.83 | — | 77 | Large Cap Blend Equities, Dividend | TBLBX vs PRDGX | |
| Dimensional Retirement Income Fund | 0.85 | 0.85 | 0.83 | 81 | Target Retirement Date | TBLBX vs TDIFX | |
| Prudential Day One Income Fund | 0.88 | 0.90 | — | 85 | Target Retirement Date | TBLBX vs PDAHX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.89 | 0.90 | — | 77 | Target Retirement Date | TBLBX vs DRILX | |
| Fidelity Freedom Income Fund Class K | 0.90 | 0.83 | — | 70 | Target Retirement Date | TBLBX vs FNSHX |
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