Looking to diversify beyond TRMIX? The mutual funds below have historically moved differently from TRMIX, 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 TRMIX
0 mutual funds have low correlation with TRMIX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Equity Index 500 Fund (PREIX) (Large Cap Blend Equities) with a 1Y correlation of 0.67, down from 0.79 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Equity Index 500 Fund | 0.67 | 0.74 | 0.79 | 57 | Large Cap Blend Equities | TRMIX vs PREIX | |
| Fidelity 500 Index Fund | 0.68 | 0.72 | 0.78 | 59 | S&P 500 | TRMIX vs FXAIX | |
| T. Rowe Price U.S. Equity Research Fund | 0.69 | 0.73 | 0.78 | 51 | Large Cap Blend Equities | TRMIX vs PRCOX | |
| Ariel Focus Fund | 0.75 | 0.84 | 0.90 | 81 | Mid Cap Value Equities | TRMIX vs ARFFX | |
| Invesco Value Opportunities Fund Class Y | 0.76 | 0.81 | 0.87 | 70 | Mid Cap Value Equities | TRMIX vs VVOIX |
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