Looking to diversify beyond TRLAX? The mutual funds below have historically moved differently from TRLAX, 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 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 0.38, down from 0.66 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Health Sciences Fund | 0.38 | 0.57 | 0.66 | 74 | Health & Biotech Equities | TRLAX vs PRHSX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.66 | 0.79 | 0.83 | 77 | Large Cap Blend Equities, Dividend | TRLAX vs PRDGX | |
| Dimensional Retirement Income Fund | 0.71 | 0.80 | 0.79 | 81 | Target Retirement Date | TRLAX vs TDIFX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.75 | 0.77 | 0.77 | 70 | Target Retirement Date | TRLAX vs FFGZX | |
| Fidelity Freedom Index Retirement Fund Investor Cl... | 0.76 | 0.77 | 0.77 | 73 | Target Retirement Date | TRLAX vs FIKFX |
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