Looking to diversify beyond TNBMX? The mutual funds below have the lowest correlation with TNBMX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from TNBMX.
Best Diversifiers for TNBMX
5 mutual funds have low correlation with TNBMX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Science And Technology Fund (PRSCX) (Technology Equities) with a 1Y correlation of 0.19, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Science And Technology Fund | 0.19 | 0.10 | 0.11 | 89 | Technology Equities | TNBMX vs PRSCX | |
| T. Rowe Price U.S. Equity Research Fund | 0.25 | 0.18 | 0.14 | 64 | Large Cap Blend Equities | TNBMX vs PRCOX | |
| T. Rowe Price Equity Index 500 Fund | 0.26 | 0.19 | 0.14 | 64 | Large Cap Blend Equities | TNBMX vs PREIX | |
| Payden Global Low Duration Fund | 0.28 | 0.45 | 0.51 | 72 | Global Bonds | TNBMX vs PYGSX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.29 | 0.22 | 0.17 | 52 | Large Cap Blend Equities, Dividend | TNBMX vs PRDGX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TNBMX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TNBMX and solid risk/return profiles. The least correlated is U.S. Bancorp (USB) (Financial Services) with a 1Y correlation of 0.17, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| U.S. Bancorp | 0.17 | 0.17 | 0.07 | 83 | Financial Services |
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