Looking to diversify beyond TRMCX? The mutual funds below have historically moved differently from TRMCX, 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 TRMCX
0 mutual funds have low correlation with TRMCX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Health Care Fund Investor Shares (VGHCX) (Health & Biotech Equities) with a 1Y correlation of 0.45, down from 0.58 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Health Care Fund Investor Shares | 0.45 | 0.54 | 0.58 | 75 | Health & Biotech Equities | TRMCX vs VGHCX | |
| T. Rowe Price Equity Index 500 Fund | 0.67 | 0.73 | 0.79 | 57 | Large Cap Blend Equities | TRMCX vs PREIX | |
| T.Rowe Price International Value Equity Fund | 0.68 | 0.68 | 0.75 | 81 | Foreign Large Cap Equities | TRMCX vs TRIGX | |
| T. Rowe Price U.S. Equity Research Fund | 0.68 | 0.72 | 0.78 | 51 | Large Cap Blend Equities | TRMCX vs PRCOX | |
| Hotchkis & Wiley Mid-Cap Value Fund | 0.68 | 0.82 | 0.87 | 85 | Mid Cap Value Equities | TRMCX vs HWMIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TRMCX, 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 AbbVie Inc. (ABBV) (Healthcare) with a 1Y correlation of 0.09, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AbbVie Inc. | 0.09 | 0.25 | 0.26 | 76 | Healthcare | |
| Amgen Inc. | 0.34 | 0.41 | 0.38 | 77 | Healthcare | |
| Hilton Worldwide Holdings Inc. | 0.45 | 0.53 | 0.57 | 73 | Consumer Cyclical | |
| United Airlines Holdings, Inc. | 0.57 | 0.52 | 0.56 | 76 | Industrials |
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