Looking to diversify beyond TRRFX? The mutual funds below have historically moved differently from TRRFX, 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 TRRFX
0 mutual funds have low correlation with TRRFX (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO Inflation Response Multi-Asset Fund (PZRMX) (Diversified Portfolio) with a 1Y correlation of 0.55, roughly unchanged from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Inflation Response Multi-Asset Fund | 0.55 | 0.56 | 0.56 | 89 | Diversified Portfolio | TRRFX vs PZRMX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.75 | 0.79 | 0.83 | 77 | Large Cap Blend Equities, Dividend | TRRFX vs PRDGX | |
| Dimensional Retirement Income Fund | 0.83 | 0.84 | 0.83 | 81 | Target Retirement Date | TRRFX vs TDIFX | |
| T. Rowe Price U.S. Equity Research Fund | 0.83 | 0.84 | 0.86 | 56 | Large Cap Blend Equities | TRRFX vs PRCOX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.85 | 0.89 | 0.90 | 77 | Target Retirement Date | TRRFX vs DTDRX |
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