PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

T. Rowe Price Retirement Balanced Fund (TRRIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 18, 2026

The T. Rowe Price Retirement Balanced Fund (TRRIX) is a mutual fund that invests in a diversified portfolio of other T. Rowe Price stock and bond funds that represent various asset classes and sectors. The fund is specifically designed for retired investors seeking income and stability, with a balanced mix of stocks and bonds. The fund's allocation strategy is set at 40% stock funds and 60% bond funds, which T. Rowe Price considers to be appropriate for investors during their retirement years. The fund's objective is to provide retirees with a balance of income, stability, and capital appreciation potential through a diversified mix of assets.

Looking to diversify beyond TRRIX? The mutual funds below have the lowest correlation with TRRIX — 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 TRRIX.

Best Diversifiers for TRRIX

2 mutual funds have low correlation with TRRIX (below 0.3), 2 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.13, down from 0.16 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SIFAX
SEI Institutional Managed Trust Multi-Asset Inflat...-0.130.060.16
66
Diversified PortfolioTRRIX vs SIFAX
MHELX
MH Elite Small Cap Fund of Funds Fund-0.020.130.45
70
Diversified PortfolioTRRIX vs MHELX
PRFHX
T. Rowe Price Tax Free High Yield Fund0.330.340.31
97
High Yield MuniTRRIX vs PRFHX
CONWX
Concorde Wealth Management Fund0.380.570.68
78
Diversified PortfolioTRRIX vs CONWX
PRFRX
T. Rowe Price Floating Rate Fund0.420.390.38
89
High Yield BondsTRRIX vs PRFRX
See all 68 diversifiers for TRRIX

To view more results, upgrade your current subscription plan.

Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from TRRIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TRRIX and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.06, down from 0.26 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
KO
The Coca-Cola Company-0.060.120.26
76
Consumer Defensive
MRK
Merck & Co., Inc.0.100.120.15
93
Healthcare
GEV
GE Vernova Inc.0.41——
87
Industrials
GE
General Electric Company0.410.440.50
75
Industrials

Rows per page

1–4 of 4

Diversification Analysis

Build a portfolio that complements TRRIX

Add TRRIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with TRRIX