Looking to diversify beyond TRPBX? The mutual funds below have the lowest correlation with TRPBX — 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 TRPBX.
Best Diversifiers for TRPBX
2 mutual funds have low correlation with TRPBX (below 0.3), 1 of which are negatively correlated. The least correlated is T. Rowe Price Dynamic Credit Fund (RPIDX) (Nontraditional Bonds) with a 1Y correlation of -0.12, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Dynamic Credit Fund | -0.12 | 0.06 | 0.01 | 76 | Nontraditional Bonds | TRPBX vs RPIDX | |
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.18 | 0.50 | 70 | Diversified Portfolio | TRPBX vs MHELX | |
| T. Rowe Price Floating Rate Fund | 0.31 | 0.33 | 0.33 | 96 | High Yield Bonds | TRPBX vs PRFRX | |
| AQR Diversifying Strategies Fund Class N | 0.43 | 0.34 | 0.13 | 91 | Tactical Allocation | TRPBX vs QDSNX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.43 | 0.61 | 0.64 | 82 | Diversified Portfolio | TRPBX vs FCSRX |
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