Looking to diversify beyond TRBUX? The mutual funds below have historically moved differently from TRBUX, 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 TRBUX
86 mutual funds have low correlation with TRBUX (below 0.3), 5 of which are negatively correlated. The least correlated is Calvert Ultra-Short Duration Income Fund (CULAX) (Ultrashort Bond) with a 1Y correlation of -0.04, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calvert Ultra-Short Duration Income Fund | -0.04 | 0.20 | 0.27 | 99 | Ultrashort Bond | TRBUX vs CULAX | |
| Baird Ultra Short Bond Fund Institutional Class | -0.03 | 0.07 | 0.12 | 99 | Ultrashort Bond | TRBUX vs BUBIX | |
| PIMCO Short Asset Investment Fund | -0.02 | 0.25 | 0.25 | 100 | Ultrashort Bond | TRBUX vs PAIPX | |
| Fidelity Flex Conservative Income Bond Fund | -0.01 | 0.26 | 0.29 | 99 | Total Bond Market | TRBUX vs FJTDX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | -0.01 | 0.15 | 0.07 | 97 | Ultrashort Bond | TRBUX vs TSDUX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TRBUX, 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 Square Enix Holdings Co. Ltd (SQNNY) (Communication Services) with a 1Y correlation of 0.01, roughly unchanged from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Square Enix Holdings Co. Ltd | 0.01 | 0.05 | 0.05 | 58 | Communication Services |
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