Looking to diversify beyond TRLGX? The mutual funds below have the lowest correlation with TRLGX — 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 TRLGX.
Best Diversifiers for TRLGX
24 mutual funds have low correlation with TRLGX (below 0.3), 2 of which are negatively correlated. The least correlated is T. Rowe Price Dynamic Credit Fund (RPIDX) (Nontraditional Bonds) with a 1Y correlation of -0.08, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Dynamic Credit Fund | -0.08 | 0.08 | 0.02 | 76 | Nontraditional Bonds | TRLGX vs RPIDX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | -0.02 | 0.06 | 0.05 | 99 | Ultrashort Bond | TRLGX vs TRSTX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.01 | 0.04 | 0.12 | 84 | Inflation-Protected Bonds | TRLGX vs VTAPX | |
| T. Rowe Price Tax Free Short-Intermediate Fund | 0.05 | 0.04 | 0.08 | 70 | Municipal Bonds | TRLGX vs PRFSX | |
| T. Rowe Price Ultra Short-Term Bond Fund | 0.06 | 0.03 | 0.07 | 99 | Ultrashort Bond | TRLGX vs TRBUX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TRLGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TRLGX and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.28, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.28 | -0.08 | 0.06 | 72 | Energy | |
| Chevron Corporation | -0.26 | -0.06 | 0.08 | 70 | Energy | |
| Altria Group, Inc. | -0.26 | -0.11 | -0.00 | 72 | Consumer Defensive | |
| The Coca-Cola Company | -0.26 | -0.08 | 0.10 | 74 | Consumer Defensive | |
| Duke Energy Corporation | -0.23 | -0.15 | -0.02 | 62 | Utilities |
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