Looking to diversify beyond TRAIX? The mutual funds below have the lowest correlation with TRAIX — 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 TRAIX.
Best Diversifiers for TRAIX
9 mutual funds have low correlation with TRAIX (below 0.3), 1 of which are negatively correlated. The least correlated is T. Rowe Price Dynamic Credit Fund (RPIDX) (Nontraditional Bonds) with a 1Y correlation of -0.07, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Dynamic Credit Fund | -0.07 | 0.05 | -0.01 | 78 | Nontraditional Bonds | TRAIX vs RPIDX | |
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.16 | 0.48 | 67 | Diversified Portfolio | TRAIX vs MHELX | |
| Cliffwater Corporate Lending Fund | 0.09 | 0.09 | 0.07 | 100 | High Yield Bonds | TRAIX vs CCLFX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.26 | 0.48 | 0.54 | 82 | Diversified Portfolio | TRAIX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.26 | 0.48 | 0.54 | 86 | Diversified Portfolio | TRAIX vs FSIRX |
See all 66 diversifiers for TRAIX
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