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
26 mutual funds have low correlation with TRLGX (below 0.3), 4 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.17, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.17 | 0.07 | 0.20 | 79 | Energy Equities | TRLGX vs FSENX | |
| T. Rowe Price Dynamic Credit Fund | -0.09 | 0.08 | 0.02 | 76 | Nontraditional Bonds | TRLGX vs RPIDX | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.06 | 0.04 | 0.12 | 94 | Inflation-Protected Bonds | TRLGX vs VTAPX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | -0.02 | 0.06 | 0.05 | 98 | Ultrashort Bond | TRLGX vs TRSTX | |
| T. Rowe Price Tax Free Short-Intermediate Fund | 0.01 | 0.03 | 0.08 | 80 | Municipal Bonds | TRLGX vs PRFSX |
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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 -0.26, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.26 | -0.07 | 0.07 | 85 | Energy | |
| Chevron Corporation | -0.25 | -0.06 | 0.09 | 83 | Energy | |
| Altria Group, Inc. | -0.24 | -0.09 | 0.00 | 69 | Consumer Defensive | |
| Duke Energy Corporation | -0.22 | -0.15 | -0.02 | 53 | Utilities | |
| ConocoPhillips Company | -0.21 | -0.03 | 0.09 | 76 | Energy |
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