Looking to diversify beyond TRBUX? The mutual funds below have the lowest correlation with TRBUX — 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 TRBUX.
Best Diversifiers for TRBUX
79 mutual funds have low correlation with TRBUX (below 0.3), 1 of which are negatively correlated. The least correlated is Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund (TSDUX) (Ultrashort Bond) with a 1Y correlation of -0.01, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | -0.01 | 0.17 | 0.08 | 98 | Ultrashort Bond | TRBUX vs TSDUX | |
| Tactical Multi-Purpose Fund | 0.00 | -0.02 | -0.01 | 100 | Ultrashort Bond | TRBUX vs TMPFX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.02 | 0.11 | 0.19 | 99 | Ultrashort Bond | TRBUX vs ENIAX | |
| RiverPark Short Term High Yield Fund | 0.04 | -0.01 | 0.02 | 100 | High Yield Bonds | TRBUX vs RPHIX | |
| T. Rowe Price Science And Technology Fund | 0.05 | 0.01 | 0.05 | 55 | Technology Equities | TRBUX vs PRSCX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TRBUX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TRBUX and solid risk/return profiles. The least correlated is Square Enix Holdings Co. Ltd (SQNNY) (Communication Services) with a 1Y correlation of 0.04, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Square Enix Holdings Co. Ltd | 0.04 | 0.04 | 0.05 | 59 | Communication Services |
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