Looking to diversify beyond TRRJX? The mutual funds below have the lowest correlation with TRRJX — 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 TRRJX.
Best Diversifiers for TRRJX
19 mutual funds have low correlation with TRRJX (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 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Dynamic Credit Fund | -0.12 | 0.05 | 0.00 | 78 | Nontraditional Bonds | TRRJX vs RPIDX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 0.01 | 0.10 | 0.08 | 99 | Ultrashort Bond | TRRJX vs TRSTX | |
| T. Rowe Price Tax Free Short-Intermediate Fund | 0.11 | 0.13 | 0.14 | 74 | Municipal Bonds | TRRJX vs PRFSX | |
| T. Rowe Price Maryland Short-Term Tax-Free Bond Fu... | 0.13 | 0.10 | 0.10 | 76 | Municipal Bonds | TRRJX vs PRMDX | |
| T. Rowe Price Short-Term Bond Fund | 0.17 | 0.15 | 0.15 | 90 | Short-Term Bond | TRRJX vs PRWBX |
See all 197 diversifiers for TRRJX
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