Looking to diversify beyond TRFJX? The mutual funds below have the lowest correlation with TRFJX — 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 TRFJX.
Best Diversifiers for TRFJX
0 mutual funds have low correlation with TRFJX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Science And Technology Fund (PRSCX) (Technology Equities) with a 1Y correlation of 0.70, roughly unchanged from 0.72 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Science And Technology Fund | 0.70 | 0.72 | 0.72 | 87 | Technology Equities | TRFJX vs PRSCX | |
| Dimensional Retirement Income Fund | 0.79 | — | — | 77 | Target Retirement Date | TRFJX vs TDIFX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.80 | 0.81 | 0.81 | 52 | Large Cap Blend Equities, Dividend | TRFJX vs PRDGX | |
| Prudential Day One Income Fund | 0.84 | — | — | 79 | Target Retirement Date | TRFJX vs PDAHX | |
| Voya Target In-Retirement Fund | 0.84 | 0.85 | 0.85 | 79 | Target Retirement Date | TRFJX vs ISOLX |
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