Looking to diversify beyond TRLGX? The mutual funds below have historically moved differently from TRLGX, 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 TRLGX
25 mutual funds have low correlation with TRLGX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.20, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.20 | 0.04 | 0.18 | 87 | Energy Equities | TRLGX vs FSENX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 0.00 | 0.06 | 0.05 | 99 | Ultrashort Bond | TRLGX vs TRSTX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.03 | 0.04 | 0.12 | 91 | Inflation-Protected Bonds | TRLGX vs VTAPX | |
| T. Rowe Price Short-Term Bond Fund | 0.06 | 0.06 | 0.09 | 91 | Short-Term Bond | TRLGX vs PRWBX | |
| T. Rowe Price Ultra Short-Term Bond Fund | 0.10 | 0.00 | 0.07 | 98 | Ultrashort Bond | TRLGX vs TRBUX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TRLGX, 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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.31, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.31 | -0.09 | 0.06 | 79 | Energy | |
| Exxon Mobil Corporation | -0.30 | -0.10 | 0.04 | 85 | Energy | |
| Altria Group, Inc. | -0.30 | -0.13 | -0.02 | 66 | Consumer Defensive | |
| The Coca-Cola Company | -0.29 | -0.09 | 0.09 | 87 | Consumer Defensive | |
| Occidental Petroleum Corporation | -0.29 | -0.04 | 0.09 | 68 | Energy |
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