Looking to diversify beyond TRRBX? The mutual funds below have historically moved differently from TRRBX, 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 TRRBX
0 mutual funds have low correlation with TRRBX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Bond Index Fund Institutional Shares (VBITX) (Total Bond Market) with a 1Y correlation of 0.40, up from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Bond Index Fund Institutional ... | 0.40 | 0.31 | 0.30 | 56 | Total Bond Market | TRRBX vs VBITX | |
| JPMorgan Short Duration Core Plus Fund | 0.48 | 0.38 | 0.41 | 62 | Short-Term Bond | TRRBX vs JSDSX | |
| PIMCO Income Fund Institutional Class | 0.58 | 0.49 | 0.54 | 52 | Multisector Bonds | TRRBX vs PIMIX | |
| Columbia Dividend Income Fund | 0.65 | 0.75 | 0.80 | 90 | Large Cap Value Equities | TRRBX vs GSFTX | |
| Vanguard Wellesley Income Fund Admiral Shares | 0.71 | 0.76 | 0.79 | 70 | Diversified Portfolio | TRRBX vs VWIAX |
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