Looking to diversify beyond TRRCX? The mutual funds below have historically moved differently from TRRCX, 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 TRRCX
1 mutual funds have low correlation with TRRCX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Floating Rate High Income Fund (FFRHX) (Bank Loan) with a 1Y correlation of 0.27, roughly unchanged from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Floating Rate High Income Fund | 0.27 | 0.30 | 0.35 | 93 | Bank Loan | TRRCX vs FFRHX | |
| Fidelity Select Pharmaceuticals Portfolio | 0.33 | 0.49 | 0.54 | 92 | Health & Biotech Equities | TRRCX vs FPHAX | |
| T. Rowe Price Floating Rate Fund - Investor Class | 0.37 | 0.31 | 0.32 | 89 | High Yield Bonds | TRRCX vs PRFRX | |
| T. Rowe Price Global Multi-Sector Bond Fund | 0.41 | 0.33 | 0.31 | 72 | Global Bonds | TRRCX vs PRSNX | |
| AQR Diversifying Strategies Fund Class N | 0.43 | 0.34 | 0.12 | 92 | Tactical Allocation | TRRCX vs QDSNX |
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