Looking to diversify beyond TBLLX? The mutual funds below have historically moved differently from TBLLX, 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 TBLLX
0 mutual funds have low correlation with TBLLX (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 0.77, roughly unchanged from 0.84 over 5 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. | 0.77 | 0.81 | 0.84 | 77 | Large Cap Blend Equities, Dividend | TBLLX vs PRDGX | |
| Dimensional Retirement Income Fund | 0.79 | 0.77 | — | 81 | Target Retirement Date | TBLLX vs TDIFX | |
| Prudential Day One Income Fund | 0.84 | 0.81 | — | 85 | Target Retirement Date | TBLLX vs PDAHX | |
| Fidelity Freedom Income Fund Class K | 0.85 | 0.72 | — | 70 | Target Retirement Date | TBLLX vs FNSHX | |
| Fidelity Freedom Income Fund | 0.86 | 0.72 | — | 71 | Target Retirement Date | TBLLX vs FFFAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TBLLX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.52, down from 0.63 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.52 | 0.54 | 0.63 | 56 | Technology |
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