Looking to diversify beyond TRBCX? The mutual funds below have the lowest correlation with TRBCX — 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 TRBCX.
Best Diversifiers for TRBCX
29 mutual funds have low correlation with TRBCX (below 0.3), 2 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 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Dynamic Credit Fund | -0.07 | 0.09 | 0.02 | 76 | Nontraditional Bonds | TRBCX vs RPIDX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | -0.02 | 0.06 | 0.05 | 99 | Ultrashort Bond | TRBCX vs TRSTX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.00 | 0.04 | 0.12 | 84 | Inflation-Protected Bonds | TRBCX vs VTAPX | |
| T. Rowe Price Tax Free Short-Intermediate Fund | 0.04 | 0.03 | 0.08 | 70 | Municipal Bonds | TRBCX vs PRFSX | |
| T. Rowe Price Short-Term Bond Fund | 0.07 | 0.05 | 0.08 | 90 | Short-Term Bond | TRBCX vs PRWBX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TRBCX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TRBCX and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.34, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.34 | -0.09 | 0.05 | 70 | Energy | |
| Exxon Mobil Corporation | -0.33 | -0.11 | 0.03 | 72 | Energy | |
| ConocoPhillips Company | -0.30 | -0.06 | 0.06 | 65 | Energy | |
| Duke Energy Corporation | -0.30 | -0.18 | -0.04 | 62 | Utilities | |
| Verizon Communications Inc. | -0.26 | -0.12 | -0.01 | 66 | Communication Services |
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