Looking to diversify beyond TRBCX? The mutual funds below have historically moved differently from TRBCX, 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 TRBCX
33 mutual funds have low correlation with TRBCX (below 0.3), 3 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of -0.25, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | -0.25 | 0.06 | 0.27 | 94 | Large Cap Value Equities | TRBCX vs LEXCX | |
| Fidelity Select Energy Portfolio | -0.23 | 0.03 | 0.16 | 87 | Energy Equities | TRBCX vs FSENX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | -0.00 | 0.07 | 0.06 | 99 | Ultrashort Bond | TRBCX vs TRSTX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.04 | 0.04 | 0.11 | 91 | Inflation-Protected Bonds | TRBCX vs VTAPX | |
| T. Rowe Price Short-Term Bond Fund | 0.06 | 0.05 | 0.08 | 91 | Short-Term Bond | TRBCX vs PRWBX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TRBCX, 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 Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.39, down from -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.39 | -0.22 | -0.04 | 52 | Utilities | |
| Chevron Corporation | -0.37 | -0.12 | 0.06 | 79 | Energy | |
| Occidental Petroleum Corporation | -0.35 | -0.07 | 0.07 | 68 | Energy | |
| Exxon Mobil Corporation | -0.34 | -0.12 | 0.04 | 85 | Energy | |
| Altria Group, Inc. | -0.34 | -0.15 | -0.03 | 66 | Consumer Defensive |
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