Looking to diversify beyond TBLYX? The mutual funds below have historically moved differently from TBLYX, 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 TBLYX
0 mutual funds have low correlation with TBLYX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Floating Rate Fund - Investor Class (PRFRX) (High Yield Bonds) with a 1Y correlation of 0.37, roughly unchanged from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Floating Rate Fund - Investor Class | 0.37 | 0.31 | 0.31 | 89 | High Yield Bonds | TBLYX vs PRFRX | |
| AQR Diversifying Strategies Fund Class N | 0.47 | 0.34 | — | 92 | Tactical Allocation | TBLYX vs QDSNX | |
| AMG Yacktman Focused Fund | 0.53 | 0.67 | 0.77 | 91 | Large Cap Value Equities | TBLYX vs YAFFX | |
| T. Rowe Price Credit Opportunities Fund | 0.61 | 0.50 | 0.52 | 74 | High Yield Bonds | TBLYX vs PRCPX | |
| First Eagle Global Income Builder Fund Class A | 0.69 | 0.71 | 0.77 | 80 | Global Allocation | TBLYX vs FEBAX |
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