Looking to diversify beyond TRMCX? The mutual funds below have the lowest correlation with TRMCX — 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 TRMCX.
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 T. Rowe Price Science And Technology Fund (PRSCX) (Technology Equities) with a 1Y correlation of 0.45, down from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Science And Technology Fund | 0.45 | 0.51 | 0.59 | 56 | Technology Equities | TRMCX vs PRSCX | |
| Vanguard Health Care Fund Investor Shares | 0.45 | 0.53 | 0.58 | 58 | Health & Biotech Equities | TRMCX vs VGHCX | |
| T. Rowe Price Global Technology Fund | 0.46 | 0.52 | 0.56 | 77 | Technology Equities | TRMCX vs PRGTX | |
| T. Rowe Price Global Stock Fund | 0.61 | 0.68 | 0.74 | 60 | Global Equities | TRMCX vs PRGSX | |
| T. Rowe Price Capital Appreciation Fund | 0.65 | 0.73 | 0.76 | 54 | Diversified Portfolio | TRMCX vs PRWCX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TRMCX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TRMCX and solid risk/return profiles. The least correlated is AbbVie Inc. (ABBV) (Healthcare) with a 1Y correlation of 0.16, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AbbVie Inc. | 0.16 | 0.24 | 0.26 | 79 | Healthcare | |
| Tesla, Inc. | 0.31 | 0.38 | 0.41 | 63 | Consumer Cyclical | |
| Amgen Inc. | 0.37 | 0.41 | 0.37 | 73 | Healthcare | |
| Hilton Worldwide Holdings Inc. | 0.47 | 0.53 | 0.58 | 68 | Consumer Cyclical | |
| United Airlines Holdings, Inc. | 0.57 | 0.52 | 0.56 | 70 | Industrials |
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