Looking to diversify beyond TRLIX? The mutual funds below have historically moved differently from TRLIX, 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 TRLIX
2 mutual funds have low correlation with TRLIX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners US Quality Dividend Income Fund (GQHPX) (Quality Factor) with a 1Y correlation of 0.20, down from 0.69 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners US Quality Dividend Income Fund | 0.20 | 0.56 | 0.69 | 62 | Quality Factor, Large Cap Value Equities | TRLIX vs GQHPX | |
| Voya Corporate Leaders Trust Fund | 0.29 | 0.58 | 0.71 | 93 | Large Cap Value Equities | TRLIX vs LEXCX | |
| AMG Yacktman Focused Fund | 0.41 | 0.63 | 0.76 | 89 | Large Cap Value Equities | TRLIX vs YAFFX | |
| Federated Hermes Strategic Value Dividend Fund | 0.44 | 0.58 | 0.70 | 94 | Large Cap Value Equities | TRLIX vs SVAIX | |
| Fidelity Select Semiconductors Portfolio | 0.45 | 0.48 | 0.57 | 80 | Semiconductors, Technology Equities | TRLIX vs FSELX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TRLIX, 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 Advanced Micro Devices, Inc. (AMD) (Technology) with a 1Y correlation of 0.36, roughly unchanged from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Advanced Micro Devices, Inc. | 0.36 | 0.39 | 0.46 | 94 | Technology |
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