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T. Rowe Price Retirement Income 2020 Fund (TRLAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 11, 2026

The fund pursues its objective by investing in a diversified portfolio of other T. Rowe Price stock and bond mutual funds that represent various asset classes and sectors. Its allocation among T. Rowe Price mutual funds will change over time in relation to its target retirement date. The glide path provides for a neutral allocation to stocks at the target date of 55%. Its overall exposure to stocks will continue to decline until approximately 30 years after its target date, when its neutral allocations to stocks and bonds will remain the same.

Looking to diversify beyond TRLAX? The mutual funds below have the lowest correlation with TRLAX — 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 TRLAX.

Best Diversifiers for TRLAX

0 mutual funds have low correlation with TRLAX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Health Sciences Fund (PRHSX) (Health & Biotech Equities) with a 1Y correlation of 0.41, down from 0.66 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
PRHSX
T. Rowe Price Health Sciences Fund0.410.570.66
68
Health & Biotech EquitiesTRLAX vs PRHSX
PRSCX
T. Rowe Price Science And Technology Fund0.610.700.76
55
Technology EquitiesTRLAX vs PRSCX
PRWCX
T. Rowe Price Capital Appreciation Fund0.670.810.86
51
Diversified PortfolioTRLAX vs PRWCX
PRDGX
T. Rowe Price Dividend Growth Fund, Inc.0.680.790.84
62
Large Cap Blend Equities, DividendTRLAX vs PRDGX
TDIFX
Dimensional Retirement Income Fund0.700.800.79
83
Target Retirement DateTRLAX vs TDIFX
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