Looking to diversify beyond TRBFX? The mutual funds below have historically moved differently from TRBFX, 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 TRBFX
7 mutual funds have low correlation with TRBFX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Dividend Growth Fund, Inc. (PRDGX) (Large Cap Blend Equities) with a 1Y correlation of 0.05, roughly unchanged from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Dividend Growth Fund, Inc. | 0.05 | 0.10 | 0.14 | 77 | Large Cap Blend Equities, Dividend | TRBFX vs PRDGX | |
| T. Rowe Price Equity Index 500 Fund | 0.06 | 0.08 | 0.12 | 62 | Large Cap Blend Equities | TRBFX vs PREIX | |
| T. Rowe Price U.S. Equity Research Fund | 0.07 | 0.07 | 0.12 | 56 | Large Cap Blend Equities | TRBFX vs PRCOX | |
| T. Rowe Price Equity Income Fund | 0.10 | 0.12 | 0.14 | 91 | Dividend, Large Cap Value Equities | TRBFX vs PRFDX | |
| T. Rowe Price Global Multi-Sector Bond Fund | 0.18 | 0.44 | 0.44 | 75 | Global Bonds | TRBFX vs PRSNX |
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