Looking to diversify beyond TBLEX? The mutual funds below have historically moved differently from TBLEX, 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 TBLEX
1 mutual funds have low correlation with TBLEX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) (Ultrashort Bond) with a 1Y correlation of 0.26, up from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Ultra Short-Term Bond Fund | 0.26 | 0.10 | 0.13 | 98 | Ultrashort Bond | TBLEX vs TRBUX | |
| TIAA-CREF Large-Cap Value Index Fund | 0.79 | 0.81 | — | 94 | Large Cap Value Equities | TBLEX vs TILVX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.80 | 0.84 | 0.87 | 77 | Large Cap Blend Equities, Dividend | TBLEX vs PRDGX | |
| Dimensional Retirement Income Fund | 0.84 | 0.83 | — | 81 | Target Retirement Date | TBLEX vs TDIFX | |
| Prudential Day One Income Fund | 0.88 | 0.88 | — | 85 | Target Retirement Date | TBLEX vs PDAHX |
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